Colorado Springs Homes Blog

There were 6,767 active single family listings in the Pikes Peak MLS for the month of September, including new and existing homes. There were an additional 1,117 condos/townhomes on the market, including new and re-sales.

For the periods of January 1 through September 30: in 2007, the average price of single family home was $262,173, higher than the 2006 average of $259,508.

The average sales price of single family homes slipped from $259,095 in August this year to $255,330 in September. Average single family sales prices in September were lower than the average in 2006, although average sales prices on townhomes/condos were higher.

Approximately 9,137 homes have sold through our MLS through September 30 of this year.

Statistics don't tell the whole story (Were more entry level buyers entering the market?  Was there more activity for family homes, but less in the high end luxury market?  Are investors picking up distressed properties?)  Days on market and prices vary by area, and the appeal of the home will alwasy be a factor.  Prices have gone up in some areas.

The Pikes Peak MLS includes rural listings and listings outside the Colorado Springs area, so what's happening in Truckton won't necessarily reflect what's happening in Briargate.

Prices have been correcting, and it's a great time to buy a house. Will prices go lower? No one knows, but anyone interested in buying should take advantage of the lower prices and vast selection.  

Please contact us if you have questions or need more specifics.

Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period June 2006 through September 2007 . 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.