October Real Estate Insights for Colorado Springs 🌄✨

October Real Estate Insights for Colorado Springs 🌄✨

Looking to buy or sell in Colorado Springs? Here’s the latest data from the Pikes Peak Multiple Listing Service, giving you a clear picture of the current housing market. Let’s dive into the trends for October 2024! 📅👇

🔍 Active Listings Analysis (as of November 1, 2024):

• El Paso County:
  • Strong availability in the $400,000 - $600,000 range, with 593 homes listed between $400k-$500k and 468 homes between $500k-$600k.
  • Notable price reductions are common, especially in the $300k - $400k and $600k - $800k ranges. This could mean opportunities for buyers to find great deals! 💰
  • Average reduction percentages vary, but the $800k-$1M category saw a notable 3.4% drop.

🔑 Sold Listings Analysis (October 2024):

• El Paso County:

  • The highest sales volume is in the $300k - $500k range, with 431 homes sold across these categories. This shows strong buyer demand in this mid-range price bracket! 📈
  • Higher-priced homes ($800k-$1M) also saw steady sales, reflecting continued interest in luxury properties.

• Comparative Insights:

  • September 2024 vs. October 2024:
    • There was a slight increase in total homes sold in October compared to September, indicating a healthy, active market as we move into the fall season.
  • October 2023 vs. October 2024:
    • Sales volumes show slight growth, demonstrating steady demand for homes year-over-year.

Whether you’re considering buying or selling, these trends highlight opportunities across various price ranges. Reach out to see how I can help you navigate this dynamic market and find your ideal property in Colorado Springs! 🌟🏡

📞 Nicole Strom - Your Colorado Springs Real Estate Expert

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