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Colorado Springs Real Estate Snapshot: February 2013

Posted by Susanna Haynie on March 9, 2013
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February 2013 colorado springs statisticsThe short and sweet of it is that:

  • home inventory is still way low, causing any price range below $500,000 to be in a sellers market.
  • Sales are staying very strong for this time of year, indicating that more buyers will enter the market in the next few months

February ended with 3,035 active listings ( +105 than in January 2013) with 664 sales ( +4 over January 2013), average and median home prices decreased by $5,000. All this does not indicate a significant change from January to February.

Compare February 2012 to February 2013

Single Family /Patio Homes

Year

Total
Active

Number of Sales

Number of Sales YTD

         Monthly Sales Price

Average  Median
Feb 2013 3,035 664 1324 $222,357 $199,000
Feb 2012 3,224 514 988 $212,551 $176,750

The time homes are on the market have significantly decreased:

  • February 2012 days on market = 97 days
  • February 2013 days on market =77 days

Sellers are getting a much closer sales price:

Last year this time, buyers were gettting a 2.8% buyers discount off the sales price (does not include sellers concessions) this year they are only getting 1.7%

This means, if you want a house, you better bid now, before it’s gone.

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