First American Market Report
Colorado Springs, CO
Condos/Townhomes
First American Title | 303.305.1350 | www.firstam.com/title/co
Colorado Springs, CO
Tue Feb 18 2020
This week the median list price for Colorado Springs, CO is $339,000 with the market action index hovering around 68. This is an increase over last month's market action index of 66. Inventory has held steady at or around 77.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $339,000 | |
| Per Square Foot | $172 | |
| Days on Market | 66 | |
| Price Decreased | 14% | |
| Price Increased | 6% | |
| Relisted | 5% | |
| Inventory | 77 | |
| Median Rent | $1,295 | |
| Most Expensive | $2,099,000 | |
| Least Expensive | $104,800 | |
| Market Action | 68 | |
| Strong Seller's Market | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $649,000 | 2,180 | 0 - 4,500 sqft | 3 | 2 | 24 | 2 | 4 | 95 |
| $375,000 | 2,401 | 0 - 4,500 sqft | 3 | 2 | 4 | 1 | 4 | 55 |
| $280,000 | 1,561 | 0 - 4,500 sqft | 3 | 2 | 1 | 7 | 8 | 100 |
| $194,700 | 1,105 | 0 - 4,500 sqft | 2 | 2 | 37 | 11 | 17 | 14 |