Colorado Springs Real Estate Market Summary - 2016
I hope that you are having a fantastic start to 2017. The 2016 real estate market proved to be one for the record books and I wanted to share with you a summary of the Colorado Springs Real Estate Market. A combination of historic low mortgage rates, historic low inventory, and record demand generated a wave of home buying and selling activity that we have not seen in over a decade. Colorado Springs Real Estate 2016 was a great year, but we have even higher hopes for 2017. Take a look at these numbers to learn about the 2016 real estate market, and see our predictions for 2017. You can click on the photo below to hear a few of my thoughts about the upcoming year on this short video. Homes sold – The total number of residential properties sold were 17,510. Total sales were up 11.9% from 2015. Sales price - In the Pikes Peak region, the average sales price was up 6.5% over 2015. The average price was $267,050. Inventory - The inventory of residential properties ...