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November 2020 | Colorado Springs Real Estate Market INSIDER

November 2020 Colorado Springs Real Estate Market

Colorado Springs Real Estate Market Report:
November 2020

According to the most recent data released by the Pikes Peak Association of REALTORS® for November 2020, the Colorado Springs real estate market is still moving and shaking.

The Bottom Line:

The Colorado Springs housing market is currently in a strong seller's market. A severe lack of inventory is squeezing us. We had 59.4% fewer homes available for sale this November than at the same time last year. ? Every month our lack of available housing gets worse.


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

November 2020 Colorado Springs Real Estate Statistics

  • New Listings: 1,102 (Up +1.9% from last year)
  • Sold Listings: 1,482 (Up +24.7% from last year)
  • Total Active Listings: 675 (Down -59.4% from last year ?)
  • Median Sales Price: $380,000 (Up +16.9% from last year)
  • List To Sold Price Ratio: 101.1% (Up +0.7% from last year)
  • Days on the Market: 20 Days (Down -36.7% from last year)

The lack of inventory in the Colorado Springs housing market is exhausting. Homebuyers are submitting offers way above the listing price while still being outbid. This is one of the hardest times to buy a home in the history of Colorado Springs. We are hopeful that next year will bring a wave of inventory to help stabilize our local housing market. If that does not happen, it will be even harder to buy a home in 2020.


Here's an infographic with even more information from November 2020.

November 2020 Colorado Springs Real Estate Market Statistics Infographic

Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period November 1, 2020, through November 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 this website. I'm also a Realtor in Colorado Springs. Thank you for taking the time to read this blog post. I appreciate your time spent on this site and am always open to suggestions and ideas from our readers. You can connect with me on Facebook, Instagram, or contact me through this website. I'd love to hear from you.


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