Blog

Market Upate for Colorado Springs March 2018
By Luther
April 7, 2018

There are currently 1371 active single family listings on the market in the Pikes Peak region compared to 1454 last year at this time, which is a 5.7% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are down .1%. The average sales price was up 15.1% to $340,598 in March and Sales were down 1.3%.

The median single family sales price was up 11.9% compared to March 2017 (same number of homes sold above as below).

There are 97 condo/townhomes on the market compared to 139 last year at this time. The median price for Condo/townhomes is up 20.5% to $208,546 and sales are down 17.8%.

Cumulative year to date sales for 2018 are up 5.4% and the average price is up 12.5%. Average Days on Market is 28.

Rates are still 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 www.lutherbenson.com to view all listings on the MLS.

Luther Benson

Access Real Estate Professionals Inc.

719-310-2404