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March 2020 | Colorado Springs Real Estate Market INSIDER


The Colorado Springs Real Estate Market Insider Report:
March 2020

According to the new data released by the Pikes Peak Association of REALTORS® for March 2020, the Colorado Springs real estate market is still on fire with record sales.

The Bottom line:

Inventory is slowly starting to rise as the Coronavirus has just started to make an impact on our market stats. Most of the damage from Covid-19 will not show up until April or May though.

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

March 2020 Colorado Springs Real Estate Market Statistics Infographic

March 2020 Colorado Springs Real Estate Statistics

  • New Listings: 1,820 (Up +19.3% from last year)
  • Sold Listings: 1,270 (Up +3.8% from last year)
  • Total Active Listings: 1,328 (Down -9.1% from last year)
  • Median Sales Price: $352,400 (Up +11.9% from last year)
  • List To Sold Price Ratio: 100.3% (Up +0.7% from last year)
  • Days on the Market: 39 Days (Up -7.7% from last year)

The Colorado Spring's Real Estate Market is going to change!

As the Coronavirus brings most of the showings to a halt for April, our local real estate market is going to be changed. We're already starting to see a rise in available homes for sale, which may translate to a drop in prices soon. We will keep you updated as the next few months play out and the data rolls in.

Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period March 1, 2020 through March 31, 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.

March 2020 Colorado Springs Real Estate 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. Feel free to leave a comment in the box below.


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