First American Market Report

Colorado Springs, CO

Condos/Townhomes

First American Title | 303.305.1350 | www.firstam.com/title/co


Colorado Springs, CO

Fri Jul 10 2020
This week the median list price for Colorado Springs, CO is $357,136 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 97. Click here to stay informed with the Colorado Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Colorado Springs, CO

Fri Jul 10 2020
This week the median list price for Colorado Springs, CO is $357,136 with the market action index hovering around 66. This is less than last month's market action index of 67. Inventory has held steady at or around 97. Click here to stay informed with the Colorado Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Colorado Springs market.
Median List Price $357,136
Per Square Foot $199
Days on Market 59
Price Decreased 21%
Price Increased 16%
Relisted 4%
Inventory 97
Median Rent $1,380
Most Expensive $5,800,000
Least Expensive $98,000
Market Action 66
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$574,950 3,052 0 - 4,500 sqft 3 3 2 3 0 116
$394,751 1,739 0 - 4,500 sqft 3 2 0 6 6 67
$317,500 1,606 0 - 4,500 sqft 2 2 2 5 7 20
$197,000 992 0 - 4,500 sqft 2 2 37 7 12 33