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June 2020 | Colorado Springs Real Estate Market INSIDER

May 2020 Colorado Springs Real Estate Market

The Colorado Springs Real Estate Market Insider Report:
June 2020

According to the new data released by the Pikes Peak Association of REALTORS® for June 2020, the Colorado Springs real estate market is back on track.

The Bottom line:

Sellers seem to be holding back from listing right now, while buyers are still out in full force. We need more homes on the market in Colorado Springs.

Let's take a look at the June 2020 real estate market stats for Colorado Springs:

 

 

June 2020 Colorado Springs Real Estate Statistics

  • New Listings: 2,020 (Down -1.6% from last year)
  • Sold Listings: 1,684 (Up -2.0% from last year)
  • Total Active Listings: 1,497 (Down -30.3% from last year)
  • Median Sales Price: $360,000 (Up +8.8% from last year)
  • List To Sold Price Ratio: 100.5% (Up +0.2% from last year)
  • Days on the Market: 18 Days (Down -20.0% from last year)

We seem to be past the effects of COVID-19 on our local real estate market. Our monthly sales numbers for June were nearly the same as this time last year. The big problem now is getting people to sell their homes. With a 30% drop in available homes to choose from, buyers are having a hard time find homes to buy right now.


June 2020 Colorado Springs Real Estate Market Statistics Infographic

Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period June 1, 2020, through June 30, 2020. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.

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.


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