COLORADO SPRINGS MARKET REPORT | August 2022

August Colorado Springs Real Estate Market Stats are in! 

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August Market Stats-Colorado Springs Real Estate

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: 

number of homes sold over asking price colorado springs real estate


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 

Are you looking to move to Colorado Springs? Jump to more Colorado Springs Real Estate for Sale

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Posted by Brooke Falcone on

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