Real Estate Market Report - Colorado Springs, CO (Nov, 2023)
Current Market Condition
2,628
Active Listings
121
Pending Listings
$475,000
Median List Price
The median sale prices for homes in the given areas start at $425,000 in November 2022 and increase to $460,000 in October 2023. The median list prices for homes in the same areas follow a similar trend, starting at $430,000 in November 2022 and peaking at $465,500 in June 2023, before dropping back down to $448,226.5 in October 2023.
Median Sale/List Price
The median sale price per square foot has fluctuated between $209.92 and $221.35 over the course of a year, with the highest prices occurring in June and July and the lowest in January. There is some volatility in the data, but overall the trend seems to be a slow increase in prices over time.
Median Sale Price per Square Foot
The median sale price to list price ratio for November 2022 was 0.996, indicating that homes were selling slightly below their listed prices. However, by December 2022 and throughout 2023, the ratio increased to 1.0, meaning that homes were selling at or above their listed prices. This suggests a strong seller's market with high demand for properties.
Median Sale Price to List Price Ratio
The number of properties sold/listed varied over the months, with the highest numbers in May and June of 2023 at 1306 and 1460 respectively, and the lowest numbers in November and December of 2022 at 742 and 510 respectively. Overall, there were more properties listed/sold in the spring and summer months than in the fall and winter months.
Properties Sold/Listed
The median days on market for housing properties are projected to decrease from 60 days in November 2022 to 45 days in April 2023, before rising again to 58 days in October 2023.
Median Days on Market
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