Here is the Colorado Springs and surrounding areas real estate market report for March 2022.
- Median Sales Price: $475,000 – up $10k from February 2022
- Average Sales Price: $539,684
- Homes Sold: 1,361 homes. This is 346 more sales than February 2022
- New Listings: 1,834 new listings hit the Colorado Springs area market in March 2022
- Days on Market: 14 days. This has been pretty consistent over the last few months.
- List Price vs. Sale Price: Sellers are getting an average of 103.5% of asking price.
Higher mortgage interest rates will prevent some buyers from purchasing a home, thereby slowing down some of the frenetic energy currently found in this market.
Curious how much your home will sell for in todays market?