Colorado Springs Real Estate Market Update | July 2020

Posted by Brian Pfeffer on Wednesday, August 5th, 2020 at 1:51pm

July saw another active month in the Colorado Springs real estate market. The COVID-19 pandemic and zombie apocalypse isn't having any real affect on the housing market in Colorado Springs. In fact, it was a bit of a perfect storm! Buyers were able to take advantage of record low interest rates and sellers were able to take advantage of record low inventory.

July-2020-Colorado-Springs-Real-Estate-Market-Update

  • In July, the total number of closed sales was 1825, up 4.1% from 1753 in June.
  • The median sales price in July increased to $365,000. Up 4.3% from $350,000 in June.
  • Average days on the market in July remained unchanged at 17 days.
  • The average list price in July was $416,280, up 0.14% from 415,680 in June.
  • The total number of new listings in July was 1958, up 6.2% from 1844 new listings in June.
  • The total months supply of inventory in July was 1.0 months. No change from June.

 

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