Tuesday Real Estate Update 10-14-2021

Welcome to our Tuesday Real Estate Update for the Colorado Springs and surrounding areas and the Pikes Peak Region for the week ending October 14th 2021.

Year To Date Sold Homes is at 14,405. Inventory of Single family and patio homes is at 1,177 up from a week ago by + 10. Single Family and Patio Homes Sales are down from a week ago at 362 versus 446 last week.

Inventory of Condominiums and Townhomes is at 145 up over last week by plus +8, a total of 2,053 units were sold Year To Date and we are minus -18 in sales week over week, 63 this week compared to 81 Last week.

Check out the individual price ranges and activity for single family and patio homes for the week ending October 14th 2021 in the Colorado Springs Housing market Pikes Peak Region.

1st Price Range $0 – $199,999 Down from last year by -123 Homes Sold YT

43 Active
31 Pending/Under Contract
242 Year To Date Sold Minus from last year
7 Sold Last 7 Days
Average Day On Market 20 Days
Year To Date Sold October 14th 2020 365
Search homes for sale $00.00 to $200,000

2nd Price Range $200,000- $299,999 Down from last year by – 1,629 Homes Sold YTD

67 Active
128 Pending/Under Contract
1,229 Year To Date Sold Minus from last year
27 Sold Last Days
Average Day On Market 13 Days
Year To Date Sold October 14th, 2020 2,858

Search homes for sale $200,000 to $300,000

3rd Price Range $300,000 – $399,999 down from last Year by -396 Homes Sold YTD

173 Active
540 Pending/ Under Contract
4,807 Year To Date Sold Minus over last year
113 Sold in the Last 7 Days
Average Day On Market 7 Days
Year To Date Sold October 14th , 2020 5,203
Search homes for sale $300.000 to $400,000

4th Price Range $400,000 – $499,999 UP Over last year by + 1,316 Homes Sold YTD

269 Active
562 Pending/ Under Contract
3,851 Year To Date Sold UP over last year
105 Sold Last 6 Days
Average Day On Market 11 Days
Year To Date Sold October 14th, 2020 2,520
Search homes for sale $400,000 to $500,000

5th Price Range $500,000 – $749,999 UP Over last year by +1,216 Homes Sold YTD

320 Active
569 Pending/ Under Contract
3,170 Year To Date Sold UP over last year
75 Sold Last 7 Days
Average Day On Market 13 Days
Year To Date Sold October 14th, 2020 1,896
Search homes for sale $500,000 to $750,000

6th Price Range $750,000 – $999,999 Up over with last by +288 year Home Sold YTD

135 Active
130 Pending/ Under Contract
721 Year To Date UP over last year
24 Sold Last 7 Days
Average Day On Market 24 Days
Year To Date Sold October 14th, 2020 433
Search homes for sale $750,000 to $1,000,000

7th and Final Price Range $1,000,000 up + 201 Over last year Homes Sold YTD

171 Active
76 Pending/ Under Contract
385 Sold Year To Date Minus over last year
11 Sold Last 8 Days
Average Day On Market 57 Days
Year To Date Sold October 7th, 2020 184
Search homes for sale $1,000,000 plus

Please also check out Will Michaloski with VIP Mortgage Inc. update on Interest rates and what direction they are going.