Market Update for Colorado Springs March 2016
By Luther
April 7, 2016

There are currently 1941 active single family listings on the market in the Pikes Peak region compared to 2538 last year at this time, which is a 23.5% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 10.3%. The average sales price was up 3.3% to $268,010 in March. Sales are up 16.2%.

The median single family sales price is also up 6.4% compared to March 2015 (same number of homes sold above as below).

There are 142 condo/townhomes on the market compared to 262 last year at this time. The median price for Condo/townhomes is up 12.9% to $161,404 and sales are up 2.6%.

Cumulative year to date sales for 2016 are up 22.4% and the average price is up 4.3%. Average Days on Market is 47.

Rates are incredibly low and prices are moving upward. This is a great time to sell and/or buy. It is also a great time to buy that investment property. Visit our website at to view all listings on the MLS

Luther Benson - Broker/Owner

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