March 2018 Colorado Springs Real Estate Market Report
by Joe Clement
on Tuesday, April 10th, 2018 at 11:52am.
Here is our monthly update for the Colorado Springs real estate market. These stats cover the greater Colorado Springs and Pikes Peak Region, but individual cities and neighborhoods may be significantly different. Please contact us for a report on your local area if you're thinking of buying or selling.
Colorado Springs Real Estate Market:
The Average Sold price is up 15% over March 2017 at $340,594
The Median Sold price is up 12% over March 2017 at $300,000
The average Days on Market has dropped from 40 in February 2018 to 28 in March 2018
The market changes to a buyer's market around the $820k price range.
What is a Buyer's Market?
In a buyer’s market, there are more homes for sale than there are buyers.
What is a Seller's market?
In a seller’s market, there are fewer homes for sale to a larger pool of buyers.