Blog

Market Update for June 2017 in Colorado Springs
By Luther
July 13, 2017

There are currently 2162 active single family listings on the market in the Pikes Peak region compared to 2639 last year at this time, which is an 18% decrease. Fewer listings, creates more demand which is driving prices up and helping homes sell faster. New listings on the market are up 10.8%. The average sales price was up 10.6% to $326,263 in June and Sales are up 5.6%.

The median single family sales price is up 8.7% compared to June 2016 (same number of homes sold above as below).

There are 161 condo/townhomes on the market compared to 204 last year at this time. The median price for Condo/townhomes is up 5.9% to $180,000 and sales are up 21.6%.

Cumulative year to date sales for 2017 are up 4.5% and the average price is up 11.4%. Average Days on Market is 28.

Luther Benson

www.lutherbenson.com

719-310-2404