MARKET REPORTCOLORADO SPRINGS REAL ESTATE - APRIL 2016

MARKET SOUND BITES

HOME SALES HAVE INCREASED

IT IS STILL A BUYER’S MARKET ABOVE $500K

THERE IS A SHORTAGE OF HOMES FOR SALE

AVERAGE SOLD PRICE

$274,891NEW LISTINGS

1,952

1,790 IN MARCH

+9% CHANGE 1MTH

+7% CHANGE 1YR

ACTIVE LISTINGS

2,080

1,941 IN MARCH

+7% CHANGE 1MTH

-23% CHANGE 1YR

SOLD LISTINGS

1,268

1,172 IN MARCH

+8% CHANGE 1MTH

+13% CHANGE 1YR

4,159 YTD 2016

3,486 YTD 2015

+19% CHANGE 1YR

HOMES SOLD YTD

$268,010MARCH

+3% CHANGE 1MTH

+3% CHANGE 1YR

PRICE TREND

$248,050$239,500MARCH

+4% CHANGE 1MTH

+6% CHANGE 1YR

MEDIAN PRICE

Market data for residential single family & patio homes. Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/05 through

4/30/16. 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. Copyright ©

2016 REALTOR® Services Corp.

AVERAGE DAYS ON MARKET

47 IN MARCH

-23% CHANGE 1MTH

-60% CHANGE 1YR36

MARKET SIGNS

0%20%40%60%80%100%120%140%160%180%200%220%

RATE

OF

ABS

ORP

TIO

N

HOME PRICE IN THOUSANDS

BUYERS MARKETSELLERS MARKET

MARKET CHANGES TO BUYERS AT APPROXIMATELY $500,000

SELLERS VS BUYERS MARKET

AS OF: 4/30/16 BY LONN RODD

There is no “standard” protocol to determine whether we are in a buyer’s or seller’s market. However, by custom, if absorption rate is greater than 20%, it is generally accepted to be a seller’s market.

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©2016 Content created by RE/MAX Properties, Inc. This report is created for the exclusive use and distribution by RE/MAX Properties, Inc. Associates. The duplication, publication and/or distribution is strictly prohibited without prior consent. All rights reserved.