Colorado Springs Real Estate MLS Market Stats – October 2020
The Colorado Springs MLS trends data for October 2020 is out. Comparing year over year (October 2019 to October 2020) is better than comparing the previous month, because we have defined seasonality trends. This market is being stimulated by the low rates.  The mortgage rates are likely to drift up next year, perhaps as much as 0.5 to 1.0%.  We’ll see the market slow down a lot when this occurs.

The Colorado Springs MLS trends data for October 2020 is out. Comparing year over year (October 2019 to October 2020) is better than comparing the previous month, because we have defined seasonality trends.

Key points for homes in the Springs in October ’20 vs. October ‘19

  • Number of new listings +6% (whew! We needed it!)
  • Sales count +20%
  • Average price +16%
  • Active inventory at month end -55% (no new news there)
  • Months of Inventory ended at 0.6 for homes

For condos

  • Number of new listings +20%
  • Sales count +24%
  • Average price +8%
  • Active inventory at month end -46%
  • Months of Inventory ended at 0.5 for condos

This market is being stimulated by the low rates.  The mortgage rates are likely to drift up next year, perhaps as much as 0.5 to 1.0%.  We’ll see the market slow down a lot when this occurs.

Source: The above executive summary is from Lon Welsh of Your Castle Real Estate.

Colorado Springs Housing Trends October 2020

Here are the showing per active listing trends for Colorado Springs.  VERY strong activity; unbelievable for this late in the year (and especially with the election as a distraction).

Colorado Springs showing trends October 2020
Colorado Springs October 2020 real estate listings and sales
Colorado Springs October 2020 real estate total sales YTD
Colorado Springs October 2020 real estate total sales under contract
Colorado Springs October 2020 real estate average days on market
Colorado Springs October 2020 real estate listings average and median sales prices
Colorado Springs October 2020 real estate homes for sale
Colorado Springs October 2020 real estate new listings
Colorado Springs October 2020 real estate residential home sales

YouTube Video: Colorado Springs Real Estate Trends – October 2020

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Authors
Jenny Bayless
Jenny Bayless is an investor-friendly agent with Envision Advisors, Colorado real estate investor, and the host of the Colorado Springs Real Estate Investing podcast.
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