Colorado Springs Real Estate Trends – August 2021
The Colorado Springs MLS trends for August 2021 is now out. The data changed slightly this month as things are finally starting to stabilize and go back toward seasonality and normal market trends. While some people might see these numbers and feel concerned, this is to be expected because the rising prices were unsustainable in the long run. Tune in to find out how much the median sales price dropped.

The Colorado Springs MLS trends data for August 2021 is out.

The data changed slightly this month as things are finally starting to stabilize and go back toward seasonality and normal market trends.  For the first time this year, monthly showings dropped and even dipped below 2020’s showings per unit.  The number of listings is down nearly 200 units, and the median sales price went down $10K compared to the previous month, from $450K to $440K. 

If we compare year over year instead of month over month, you can see that the trends are leveling off.  While some people might see these numbers and feel concerned, this is to be expected because the rising prices were unsustainable in the long run.  This is a sign that the buying frenzy is dying down and we’re returning to normal sales.

Three Learning Options!
  1. Listen to the podcast “#51: Colorado Springs Real Estate Trends – August 2021” on the Colorado Springs Real Estate Investing Podcast
  2. Watch the YouTube video (at the bottom.)
  3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.

Colorado Springs Housing Trends August 2021

In Colorado Springs, the year started at about 2x the historical average.  After peaking in February, it’s been slowing down every month.  We had 10 showings / active listing in August.  That’s a little above the historical norm (2017-2019) of 8 but not bad.  It’s a little less than the very hot market (for August!) we had in 2020.  Overall, I see this trend as very healthy; the market is continuing to cool down in a controlled and orderly fashion.

Colorado Springs showings / active listings August 2021
Colorado Springs August 2021 real estate listings and sales
Colorado Springs August 2021 real estate total sales YTD
Colorado Springs August 2021 real estate total sales under contract
Colorado Springs August 2021 real estate average days on market
Colorado Springs August 2021 real estate listings average and median sales prices
Colorado Springs August 2021 real estate homes for sale
Colorado Springs August 2021 real estate new listings
Colorado Springs August 2021 real estate residential home sales

How to Get Started Building Your Own Colorado Springs Rental Portfolio

For information on how to get started investing in Colorado Springs, check out our free 2021 Colorado Springs Real Estate Investing Guide.

YouTube Video

August 2021 Real Estate Trends – Denver and Colorado Springs

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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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