Last Month's Market Analysis

In April 2017 the average price of single family homes rose by 5.4% over March 2017 and 13.4% over April 2016. The median price rose 2.6% over March 2017 and 10.9% over April 2016. Average prices can increase when there are more higher price sales – 6 over $1M and 1 over $2M in April - while the median price is not as affected. Median price is the middle price of all homes sold while average price is the total dollar volume of all sales divided by the number of sales. It is good to look at both sale prices when evaluating the market.

April 2017 also saw a continuing trend of homes selling for over the asking price as well as fewer days on the market. Of the 16 MLS areas that comprise the Colorado Springs metropolitan area, 11 areas averaged sales over 100% of asking price and 4 averaged 99% of asking price. The southeast portion of Colorado Springs had the highest rate at 102.1% more than asking price. Days on Market (DOM) continue to decrease as well. The average DOM for El Paso County was just 25 days with numbers as low as 10 DOM and as high as 45 DOM.

Housing Statistics

New Listings The Past 5 Years

Homes For Sale

Recent Total Properties For Sale

Average and Median Price

Average & Median Sales Prices

Average Days On Market

Average Days On Market

Total Under Contract Listing

Listings Under Contract

Total Sales YTD

Total Properties Sold

Residential Home Sales

Recent Total Residential Sales

Listing and Sales Summary

Monthly Sales Summary