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Hector Hernandez

Hector Hernandez
Owner/Broker

Inside Edge Real Estate Inc.
Colorado Springs, CO 80918

719-599-8134
Contact Me

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Colorado Springs Home Sales Stats

APRIL 2019 HOUSING STATISTICS

Summary: April

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. 

Sales Activity El Paso County

  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%

Market Update for April

Single Family-Patio 2018 2019 +/-
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%
Townhouse-Condo 2018 2019 +/-
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%

Homes Sold By Price Range April vs LY

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
Over $2,000,000 0 Flat

"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."



Hector Hernandez | 719-599-8134 | Contact Me
6455 N. Union Blvd. Suite 100 - Colorado Springs, CO 80918
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