Navigation

June 2016 Colorado Springs Real Estate Statistics

May 2016 Colorado Springs Real Estate Market Report

 


The Colorado Springs Real Estate Market Report for June 2016

According to the new data released by the Pikes Peak Association of REALTORS® for June 2016, the Colorado Springs real estate market is finally starting to balance out a little, after a crazy record breaking April.

The Bottom line:

June was the best month for sales in our city's history. Total under contract numbers were down over the last two months though and our inventory is slowly starting to come back after the crazy Spring market.

Let's take a look at the June 2016 real estate market numbers for Colorado Springs:

June 2016 Colorado Springs Real Estate Statistics

  • New Listings: 2,065 (Up +9.0% from last year)
  • Sold Listings: 1,651 (Up +15.2% from last year)
  • Total Active Listings: 2,639 (Down -16.9% from last year)
  • Median Sales Price: $262,500 (Up +4.8% from last year)
  • Total Under Contract: 2,918 (Up +15.4% from last year)
  • List To Sold Price Ratio: 99.7% (Up +0.6% from last year)
  • Days on the Market: 35 Days (Down 56% from last year)

The Colorado Springs Real Estate Market is Still Going Strong!

April and May had record numbers of homes go under contract. Many closing from those months landed in June, which is why June had the highest number of sales in our city's history. Overall though, total under contract numbers are slowing down for June and more homes are starting to come onto the market for the remainder of the Summer. We still need more inventory, but at least we are starting to see a better balance between buyer demand and inventory in the Colorado Springs real estate market.

These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, FlorissantFountain, Falcon, Gleneagle, Larkspur, Lake GeorgeManitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas.

 

May 2016 Colorado Springs Real Estate Statistics for June 2015


Click any of the links below to view the newest listed homes within that criteria.

Andrew Fortune

Hi! I'm Andrew Fortune, the founder of Great Colorado Homes and the creator of much of the content on this website. Thanks for taking the time to read this article. Please feel free to share this article with someone who might benefit from it. I appreciate your time here on this site and am always open to suggestions and ideas from our readers. Feel free to leave a comment in the box below.


Our Most Recent Blog Posts:

  • The Effects of Coronaviris COVID-19 on the Colorado Springs Real Estate Market
  • The Best Areas to Buy a House in Colorado Springs Based Off of Market Appreciation
  • How To Buy Your First Home
  • 5 Tips to Help Sell Your House Faster Than Your Neighbors
  • How To Sell Your House in 3 Basic Steps
  • What Does A Realtor Do? 290 Real Estate Duties

GreatColoradoHomes.com Logo

Colorado Springs Real Estate Blog

Try Our Custom Home Search Tool

With more search options than any other local website.

Explore Local Areas

Here's a quick list of homes for sale in all the local areas and neighborhoods.

Meet our REALTORS®

Meet some of the best REALTORS® in Colorado Springs and Woodland Park.

1 Responses to "June 2016 Colorado Springs Real Estate Statistics"

Devin Schumacher wrote: Thanks for sharing such researched statics of the real estate field in Colorado Springs. Devin Schumacher, Owner SEO Firepower - Colorado Springs http://seofirepower.com/colorado-springs/

Posted on Tue, Dec 27th, 2016 12:53pm

Leave a Comment