Colorado Springs MLS Market Update for August 2018
By Murray & Associates – Keller Williams Colorado Springs
We are seeing normal market trends for the end of the summer and anticipate a slower housing market for fall. We are already seeing houses sit longer and more price reductions.
For August, active listings are up 1% over July and number of sales is down 4%. Months of inventory is 1.6 months. Average sales price is up 2.74% and the median sales price is up 1.6%%. The number of new home starts is approximately the same.
From one year ago, Active listings are up 5.5% and sales are down 8.4%. The average sales price is up 12% and the median sales price is up 10% for Colorado Springs MLS. Months of inventory is 1.6 months.
With the slower market buyers are finding that they have more inventory to pick from, but should still act fast when they find the right home. Sellers need to price competitively if they need to sell quickly.
See Pricing Your Colorado Springs Home Right in Today’s Market for more information.
New construction permits are the same as July and down 2% from one year ago.
Based on information from the Pikes Peak REALTOR® Services Corp. (“RSC”). RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
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By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs