Just Released Real Estate Stats for the First Quarter 2016


Empire Title in Colorado Springs  just released the stats for housing in the Front Range in the first quarter 2016

Average Sales Price $270,377.  An increase over last month by $6,699 ($263,678) 

Here’s how things look from 2016 YTD vs 2015 YTD:

Average Price: ↑ 9.4%

Median Price: ↑ 7.9%

Residential Units Sold ↑ 34.2%

Inventory Levels: ↓ 15.7%

Number of Listings: ↓ 15.5%

Foreclosures: ↓21.5%

Average Days on Market: 60

Interest Rates: near historic lows around 3.68%


With Stats like this, there is little reason not to try to get a home at this time. We are finally seeing the market improve and rates are fantastic with prices finally increasing but folks can still find a great deal.

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