Colorado Springs Real Estate Trends – November 2020
The Colorado Springs MLS trends data for November 2020 is out. Comparing year over year (November 2019 to November 2020) is better than comparing the previous month, because we have defined seasonality trends. The showing traffic in November was excellent compared to prior years, so we can reasonably assume the party will extend into December and probably January, too. Check out the episode show notes to see all the graphs and read the executive summary.

Three Learning Options!
  1. Listen to the podcast “#9: Colorado Springs Real Estate Trends – November 2020” 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.

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

HOME + CONDO Nov ’20 vs. Nov ‘19

  • Days on market down from 29 to 20 days
  • Under contract up from 1970 to 2240.  This is the most under contract deals we have seen at end of November in a long time.

HOMES Nov ’20 vs. Nov ‘19

  • New listings about the same as last year, up +2%
  • Sales were +25% (!)
  • Average sales price +18%; median +17%
  • Months of inventory now 0.5 months (!!) vs. last year 1.4

CONDO Nov ’20 vs. Nov ‘19

  • More new listings than last year, up +11%
  • Sales were +38% (!!)
  • Average sales price +11%; median +14%
  • Months of inventory now 0.3 months (!!) vs. last year 0.9

Year to Date this year vs Year to Date last year

  • Sales count +8% (homes) and 12% (condos)
  • Price +13% (homes) and 10% (condos)

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

The showing traffic in November was excellent compared to prior years, so we can reasonably assume the party will extend into December and probably January, too.

Great performance! Slightly lower than October but still record highs! Lots of buyer demand is still evident despite the election.  No seasonal slowdown in sight yet.

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