Blog

Market Update Jan 2016 Colorado Springs
By Luther
February 29, 2016

There is a 2 month supply of homes on the market! There are currently 1900 active single family listings on the market in the Pikes Peak region compared to 2470 last year at this time which is an 22% decrease. Fewer listings, creates more demand which should help to drive prices up and help homes sell faster. New listings on the market are up 12.9%. The average sales price was up .9% to $263,678 in January Sales are up 33.5%. 1113 homes sold in the Pikes Peak region in January, which is a new record going back 23 years (Data prior to 1993 not available).

The median single family sales price is also up .7% compared to January 2015 (same number of homes sold above as below).

There are 147 condo/townhomes on the market compared to 297 last year at this time. The median price for Condo/townhomes is up 15% to $163,495 and sales are up 8.1%

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 www.lutherbenson.com to view all listings on the MLS

 

Luther Benson - Broker/Owner

 

25 Years of Experience

 

For a list of all available homes on the MLS go to:

 

http://www.Homes4SaleCo.com

 

Learn the 7 most costly mistakes buyers and sellers make:

 

http://www.lutherbenson.com

 

Email: luther@lutherbenson.com

 

Direct 719-528-2406

 

Cell 719-310-2404

 

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