HARRY'S BI-WEEKLY UPDATE 2.20.25
February 20, 2025
HARRY’S BI-WEEKLY UPDATE
A Current Look at the Colorado Springs Residential real estate Market
As part of my “Special Brand of Customer Service”, it is my desire to share current Residential real estate issues that will help to make you a more successful and profitable Buyer and Seller.
A NOTE FROM THE EDITOR:
Well, this is a first.
I’ve just been under the weather for a few weeks. While Harry, my Realtor Extraordinaire husband and eNewletter author, always says “the show must go on” … I told him to speak for himself. I’m not the energizer bunny he is.
That being said, I still wanted to get you all the January 2025 statistics that I know many of you enjoy and even use in your work. And most especially since things are beginning to pick up in the local Residential real estate arena.
Harry said to be sure and tell you that the spring buying and selling season is almost upon us and if you’re even thinking about making a move, he’s here to talk to you about all things Residential real estate. With listings on the rise, and interest rates slowly dropping, now is the time to get ready so you’ll be ahead of the traditional “busy” season.
You can email him at Harry@HarrySalzman.com or call him at 719.593.1000 and he’s got the answers to your questions.
And now for statistics…
JANUARY 2025
Statistics provided by the Pikes Peak REALTORS Service Corp., or it’s PPMLS
Here are some highlights from the January 2025 PPAR report. You might note that while homes are selling at close to asking price as in the past several months, the days on the market are longer. I expect that to change if interest rates go down more.
In El Paso County, the average days on the market for single family/patio homes was 65. For condo/townhomes it was 71.
Also in El Paso County, the sales price/list price for single family/patio homes was 98.7% and for condo/townhomes it was 98.0%.
In Teller County, the average days on the market for single family/patio homes was 77 and the sales/list price was 98.9%.
Please click here to view the detailed 10-page report, including charts. If you have any questions about the report or to find out how it relates to your individual situation, just give me a call.
In comparing January 2025 to January 2024 for All Homes in PPAR:
Single Family/Patio Homes:
· New Listings were 1,223, Up 27%
· Number of Sales were 696, Up 4.2%
· Average Sales Price was $548,541, Up 5%
· Median Sales Price was $482,250, Up 7.2%
· Total Active Listings are 2,514, Up 43.7%
· Months Supply is 3.6
Condo/Townhomes:
· New Listings were 204, Up 1%
· Number of Sales were 87, Down 19.4%
· Average Sales Price was $369,817 Down 0.6%
· Median Sales Price was $340,000, Down 5.6 %
· Total Active Listings are 505, Up 51.7%
· Months Supply is 5.8
JANUARY 2025 MONTHLY INDICATORS AND LOCAL MARKET UPDATE ILLUSTRATE OUR LOCAL TRENDS IN DETAIL
Colorado Association of REALTORS® , Pikes Peak REALTORS Service Corp, or it’s PPMLS
Providing greater detail than the above report, this contains information on both El Paso and Teller counties for Residential real estate.
The “Activity Snapshot” for all residential properties in El Paso and Teller counties shows the Year-to-Date one-year change:
- Sold Listings for All Properties were Up 3.2%
- Median Sales Price for All Properties was Up 5.7%
- Active Listings on All Properties were Up 34.6%
You can click here to read the 16-page Monthly Indicators or click here to get specific information on the geographical are of your choice from the 18-page Local Market Update. It’s a good idea to check out your own area or one that you might be considering in order to get a good idea of the local pulse. As an example, here is a detailed report on the Colorado Springs area:
ECONOMIC & WORKFORCE DEVELOPMENT REPORT
Data-Driven Economic Strategies, January 2025
As always, I like to share the useful data I receive from our “local economist”, Tatiana Bailey. You will see in these charts what’s happening locally in terms of the economy as well as the most recent Workforce Progress Report.
This information is especially invaluable to business owners; however, I know you all will all find it worthwhile reading.
Below is a reproduction of the first page of graphics. To access the full report, please click here. And if you have any questions, give me a call.
ERA SHIELDS STAT PACK
Data through January 2025, ERA Shields
Here is data from my company’s monthly “Stat Pack” that can better help you understand the local buying and selling reality. I have reproduced the first page, and you can click here to get the 5-page report in its entirety.
