Colorado Springs Home Sales

  • Sales in December were 14.7% higher than those in November, which is the largest month-over-month increase ever recorded.  November sales were lacking as the new TRID guidelines that were finally implemented created a backlog of delayed closings nationwide which ended up carrying over to December closings.  It will be interesting to track where this goes over the following months.
  • Nationwide inventory levels are still below historic norms at 3.9-months supply while inventory is even lower in Colorado.
  • Nationwide median home prices are up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains while Colorado has realized higher gains lead by Denver's housing market.

Bottom Line for Colorado Springs Homes - Inventory is going to remain very low and home prices are going to continue to maintain year over year gains.  Luxury homes in Colorado Springs and Monument will see an increase in buyers while buyers will still be able to find good value in the luxury market.