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October 2016 Colorado Springs Real Estate Statistics

October 2016 Colorado Springs Real Estate Statistics for July 2016

 


The Colorado Springs Real Estate Market Report for October 2016

According to the new data released by the Pikes Peak Association of REALTORS® for October 2016, the Colorado Springs real estate market is slowing down for the holidays but is still very busy.

The Bottom line:

October had similar numbers to September. The biggest change is that the days on the market are still slowing down as the winter months set in.

Let's take a look at the October 2016 real estate market numbers for Colorado Springs:

October 2016 Colorado Springs Real Estate Statistics

  • New Listings: 1,218 (Up +.1.8% from last year)
  • Sold Listings: 1,266 (Up +12.6% from last year)
  • Total Active Listings: 2,227 (Down -24.1% from last year)
  • Median Sales Price: $255,625 (Up +9.1% from last year)
  • Total Under Contract: 2,535 (Up +21.2% from last year)
  • List To Sold Price Ratio: 99.1% (Up +0.8% from last year)
  • Days on the Market: 38 Days (Down 46.5% from last year)

The Colorado Springs Real Estate Market is Going Strong!

Our market is slowing down for October, as expected, but our sales are still much higher than previous years at this time. Our days on the market has risen to 38 days from our 20-day average in the peak of the Summer. As temperatures lower, these numbers will continue to drop.

October 2016 Colorado Springs Real Estate Market Report

 

These numbers cover all of Colorado Springs, CO and the surrounding areas, including Black Forest, Broadmoor, Briargate, Divide, Florissant, Fountain, Falcon, Gleneagle, Larkspur, Lake George, Manitou Springs, Monument, Northgate, Old Colorado City, Palmer Lake, Peyton, Powers, Rockrimmon, Security, Tri-Lakes, Widefield, Woodland Park, and Woodmoor areas.

 


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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