Just Released Real Estate Stats for the First Quarter 2016

03/18/2016

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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