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APRIL 2019 HOUSING STATISTICS
April was an interesting month in the Colorado Springs real estate market. We saw a slight increase in single family home sales versus last year, a record high in the Median Sales Price, and a record high in the Average Sales Price. Total Active homes in April were down 15.3% versus 2018 from 1,887 units down to 1,599 units.
The average sales price for a home is now $338,176 compared to $321,516 in 2018. The medium price is now $305,000 compared to $286,217 in 2018.
Year-to-date home sales are down 2.7% vs last year, the average days on market increased by six days for the year, 36 versus 30 in 2018. Homes have sold for 99.7% of list price in 2019 compared to 100.1% in 2018.
Homes sold under $200,000 dropped 59% in April compared to last year. The decrease was 21% for homes priced between $200,000 and $299,000. Homes sold between $300,000 and $399,999 experienced a 38% increase in unit sold, while the increase between $400,000 and $599,999 was 23%. We even saw a 21% increase in units sold for those homes priced between $600,000 and $699,999.
What do these numbers say about the current real estate market condition? It’s difficult to say right now. April left the market feeling somewhat optimistic, but the year to date market activity after just over a quarter of data is not as promising as what April brought us. We are still early in spring season, and summer is around the corner. Traditionally late spring and the summer months are good to the real estate market.
Contact me at 719-599-8134 ext 5 for more information including a micro analysis of your situation.
|April 2018||April 2019||+/-|
|Number of Homes Sold||1148||1199||+ 4.4%|
|New Listings||1799||1606||- 10.7%|
|Medium Sales Price||$305,000||$328,000||+ 7.5%|
|Average Sales Price||$350,753||$370,881||+ 5.7%|
|Average Days on Market||25||31||+ 24.0%|
|Percent (%) of Sold Price vs List Price||100.7%||100.2%||- 0.5%|
|New Listings||1888||1682||- 10.9%|
|Sold Listings||1208||1242||+ 2.8%|
|Inventory Homes for Sale||1742||1493||- 14.3%|
|Months Supply of Inventory||1.3||1.2||- 7.7%|
|New Listings||194||192||- 1.0%|
|Sold Listings||201||175||- 12.9%|
|Inventory Homes for Sale||145||106||- 26.9%|
|Months Supply of Inventory||.07||0.6||- 14.3%|
|Up to $199,999||24||- 31|
|$200,000 - $299,000||398||- 84|
|$300,000 - $399,000||451||+ 123|
|$400,000 - $499,000||141||+ 16|
|$500,000 - $599,000||93||+ 27|
|$600,000 - $799,000||68||+ 12|
|$800,000 - $999,000||14||- 3|
|$1,000,000 - $1,999,000||10||- 1|
"Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period 4/1/2019 through 4/3/2019. 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."