July 2016 Colorado Springs Real Estate Statistics

July 2016 Colorado Springs Real Estate Market Report


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 less 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!

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.


July 2016 Colorado Springs Real Estate Statistics for July 2016

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

Click Here To Sell Your House

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 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