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Nancy Murray, Realtor®
with Keller Williams Clients' Choice
Direct: 719-964-4810
Office: 719-357-6320
Fax: 866-748-9878
Email Nancy

Colorado Springs MLS Market Update for October 2016

Posted By Nancy Murray @ Nov 6th 2016 4:37pm In: Market Report for Colorado Springs

Colorado Springs MLS Market Update for October 2016

By Murray & Associates - Keller Williams Colorado Springs

Colorado Springs Homes for Sale

Inventory is still down 24% from one year ago while sales are up 13%.  This is resulting in a decrease in days on market to 1.8 months of inventory and 10% increase in Average sales price and 8% increase in median sales price. It is still a very hot market for sellers with multiple offers. Buyers are struggling to keep up with the activity and know that they need to move quickly when a nice property hits the market. Average list price to sales price in the District 20 market is 98%. Sellers are not negotiating "low ball" offers when their homes are in good condition.

Colorado Springs Homes for Sale

New construction permits are beginning to slow down for the season down 17% from September and down 19% from one year ago.

Colorado Springs New Home Starts

The market continues to be very active. Below are year over year trends for Colorado Springs MLS.  The number of sales are at a record high while the number of active listings is at record lows, resulting in a higher average sales price 100% of list price to sales price. There has never been a better time for homeowners to sell their Colorado Springs homes than right now!

Colorado Springs MLS

Colorado Springs MLS

Colorado Springs MLS

Colorado Springs MLS

Search new homes or new construction in District 20.

Academy School District 20 Real Estate Market Report

To find out what your home is worth, request a complimentary market analysis for your Colorado Springs home.

By Nancy Murray

Murray & Associates, Keller Williams Colorado Springs

Nancy@academydistrict20homes.com

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