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March 2018 Colorado Springs Real Estate Market Statistics

 


March 2018 Colorado Springs Real Estate Market Statistics Infographic

 


The Colorado Springs Real Estate Market Report for March 2018

According to the new data released by the Pikes Peak Association of REALTORS® for March 2018, the Colorado Springs real estate market is showing signs of a possible slow down.

The Bottom line:

The Median Sales Price has just reached a record high of $300,000. At the same time, our overall sales have dropped by 1%. This may mean that we will experience a slow down soon, which is very much needed for our market to balance out and being home prices to a more reasonable level.

Let's take a look at the March 2018 real estate market for Colorado Springs:

March 2018 Colorado Springs Real Estate Statistics

  • New Listings: 1,758 (Down -0.1% from last year)
  • Sold Listings: 1,231 (Down -1.3% from last year)
  • Total Active Listings: 1,371 (Down -5.8% from last year)
  • Median Sales Price: $300,000 (Up +10.7% from last year)
  • List To Sold Price Ratio: 100.1% (Down -0.3% from last year)
  • Days on the Market: 28 Days (Down -22.0% from last year)

The Colorado Spring's Real Estate Market is heating up for Summer!

As the market starts to heat up for Summer, there will be many multiple-offer situations and crazy competition from other home buyers. It's a crucial time to choose a great REALTOR to work with and there are some really good ones in this city. They'll help you safely navigate this crazy real estate market to find your next home.

If you have any questions about buying or selling a home, please let us know. We're here to help whenever you need us. You can CLICK HERE to meet our REALTOR®.

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. If you need a local Realtor to help you better understand these number, please contact us. We'd love to hear from you!

 

March 2018 Colorado Springs Real Estate Statistics

 


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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.


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2 Responses to "March 2018 Colorado Springs Real Estate Market Statistics"

Gabe Sanders wrote: Thanks for keeping us updated about the Colorado Springs real estate market.

Posted on Sat, Apr 21st, 2018 12:26pm

The Best Corradi Constructions Group In Miami wrote: Fabulous article!

Posted on Thu, Aug 09th, 2018 07:34am

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