Colorado Springs MLS Market Update for December 2018

By Murray & Associates – Keller Williams Colorado Springs

Colorado Springs Homes Sales

Prices dropped slightly in December and inventory remains low at 1.6 months.

For December, active listings are down 28% from November and the number of sales is down 3%. Months of inventory is 1.6 months down from 2.0 months in November. Average sales price and median sales price both dropped slightly. The number of new home starts dropped 317% in December, most likely due to the pending holiday season.

From one year ago, Active listings are up 20%  and sales are down 13%.  The average sales price and median sales price are both up 5.2%  for Colorado Springs MLS. Months of inventory is 1.6 months up from 1.1 months from one year ago. The number of new home starts dropped 173%.

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.

Colorado Springs Real Estate Market Update

Homes for sale in Colorado Springs

New construction permits are down significantly, 317%, from November at 108 permits issued. This is most likely due to the pending holidays.

Colorado Springs New Home Starts

 

Inventory of homes for sale for Colorado Springs

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.

Visit Colorado Springs Real Estate Market Update for the latest news in Real Estate.

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