The numbers for for November are in! Take a look at the charts below to see how the Real Estate Market Stats stack up for Colorado Springs!
Compared to 2013, our average and median sales prices for November are actually down. Since we had been seeing steady increases over the last several months, this is a change for year over year.
As you can see from these next two graphs, although pricing was down last month, the number of sales have actually increased.
We had 783 new listings hit the market in November, and we closed 782 properties that same month, so our “percent of inventory” is at 99.87% this past month. Our total number of listings is still down. Now is a great time to list your house!
To put the next graph into perspective, in 2007 and 2008 active listing inventory levels for November were 5,967 and 5,547 respectively, and we haven’t seen inventory levels where we currently are since 2001.
The seasonal fluctuations really show up the best in our average number of days a property is on the market. For November, our average was 96 days on the market, which was one of the largest jumps up in days that we’ve seen all this year.