Colorado Springs MLS Market Report for August 2013
Colorado Springs MLS Market Update for August 2013
There are currently 4,251 active listings and 1105 total sales in the Colorado Springs for the month of August. The number of active listings is up 9% from one year ago with the number of sales up 19%. The inventory for August is at 3.8 months, still in the range for a sellers market. With the increasing interest rates now above 4.5%, we are seeing a slowdown in new construction.
The average sales price in Colorado Springs for August was $249,500 and median sales price is $220,000 up 5.5% and 4% respectively from one year ago. This is a modest appreciation rate considering many large cities around the country are seeing double digit appreciation rates.
New home starts for Colorado Springs down up 8% from one year ago and up 23% from July.
To find out what your home is worth, request a complementary market analysis for your Colorado Springs home.
Market Reports for Academy School District 20 neighborhoods: