Blog

Market Update for Colorado Springs and Region April 2018
By Luther
May 2, 2018

There are currently 1524 active single family listings on the market in the Pikes Peak region compared to 1570 last year at this time, which is a 2.9% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 8.5%. The average sales price was up 11.8% to $348,527 in April and Sales were down 1.8%.

The median single family sales price is up 10.9% compared to April 2017 (same number of homes sold above as below).

There are 93 condo/townhomes on the market compared to 111 last year at this time, a 16.2% decrease. The median price for Condo/townhomes is up 11.8% to $212,500 and sales are up 1.4%.

Cumulative year to date sales for single family homes in 2018 are up 3.2% and the average price is up 12.1% over 2017. Volume is up 15.7% in 2018 for a total of $1,289,510,352 so far this year.

Rates are still low and prices are moving up. 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 or call us and we can create your own personalized home search! Call my cell today! 719-310-2404