July 2016 Colorado Springs Real Estate Statistics

July 2016 Colorado Springs Real Estate Statistics for July 2016

The Colorado Springs Real Estate Market Report for July 2016

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

The Bottom line:

July had slightly fewer homes sold than the previous month and the median sales price dropped a bit, signifying a slight change in our market.

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

July 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1,932 (Up +2.6% from last year)
  • Sold Listings: 1,485 (Up +8.0% from last year)
  • Total Active Listings: 2,780 (Down -18.5% from last year)
  • Median Sales Price: $257,500 (Up +4.8% from last year)
  • Total Under Contract: 2,923 (Up +18.9% from last year)
  • List To Sold Price Ratio: 99.6% (Up +0.8% from last year)
  • Days on the Market: 28 Days (Down 61% from last year)

The Colorado Springs Real Estate Market is Going Strong!

June holds the record for the most amount of homes sold in our city's history. July is showing a predictable drop in sales as we near the end of Summer. Our inventory is still very low though, which is causing the median home sale price to keep rising. Low inventory also means more contracts falling apart. The sense of urgency experienced by Colorado Springs home buyers in this market is causing people to make offers on homes that they are not 100% sure about, just so that they don't let the home slip away. We need more homes on the market!

July 2016 Colorado Springs Real Estate Market Report

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


July 2016 Colorado Springs Real Estate Statistics for July 2016

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:

  • What Do You Need To Buy A House in 2020

    ❤️ Here are 5 things that you'll need to buy a house in 2020!

  • How To Buy Your First Home

    🏠 The historic neighborhoods in this post are loaded with plenty of with charm and beauty.

  • April 2020 Colorado Springs Real Estate Market Report

    🔥Newest MARKET INSIDER - Quick, easy-to-follow info with last month's stats from our local MLS data.

  • The 5 Most Affordable Neighborhoods in Colorado Springs

    💲With housing prices rising, this handy article will help you find some of the best deals out there.

  • The Best Areas to Buy a House in Colorado Springs Based Off of Market Appreciation

    📈 If you're looking to invest your dollars in Colorado Springs real estate, you'll want to read this.

  • The 5 Most Popular Neighborhoods in Colorado Springs

    😮 These neighborhoods sold the most amount of homes last year out of our entire MLS. 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.

0 Responses to "July 2016 Colorado Springs Real Estate Statistics"

Leave a Comment