COLORADO SPRINGS MARKET REPORT | August 2022
August Colorado Springs Real Estate Market Stats are in!
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The Average Sales Price in the Pikes Peak Region for the month of August was $530,547. Which is 4.8% less than last month's average sales price and 6.3% over last year's average sale price. Sold listings for the month of August was 1,366. 2.6% less than last month's sales and 27% less than last year. The Median Sales Price for August 2022 in the Pikes Peak Region was $480,592. Which is 0.4% less than last month and 6.8% higher than last year. Average Days on the Market is 17 days. 21.4% longer than last month and 88.9% longer than last year. There were 2,639 Active Listings for August 2022. 3.4% more than last month and 161.5% more than last year! New Listings for the month of August were 1,801. 13.7% less than last month and 8.1% less than last year. There have definitely been some shifts in the market but don't let that discourage you if you're a buyer or seller. The Pikes Peak Real Estate Region is still going steady.
Here is a breakdown of the Number of Homes Sold and the Number of Homes that Sold Over Asking for El Paso and Teller County August 2022:
If you are interested in learning more about what your property is worth don't hesitate to reach out or give us a call: 719-540-6421
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Posted by Brooke Falcone on
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