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Dear Niki Mcelroy,

Here is your latest Area Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact me if you would like more information on your current market.
Niki McElroy
Associate Broker
Direct: (719) 550-2500 | Cell: (719) 651-3272
Niki.McElroy@coloradohomes.com
http://www.nikimcelroy.com

EL PASO COUNTY | COLORADO SPRINGS
MARKET SUMMARY
May 2016 | All Property Types (SFH & Condos/Townhomes)
Market Month to Date Year to Date
Summary May 2016 May 2015 Percent Change Year-To-Date 2016 Year-To-Date 2015 Percent Change
New Listings 1613 1494 7.97%  6720 6282 6.97% 
Sold Listings 1187 1201 -1.17%  4881 4271 14.28% 
Median Listing Price $239,900 $229,900 4.35%  $233,000 $220,000 5.91% 
Median Selling Price $239,000 $229,000 4.37%  $232,900 $219,000 6.35% 
Median Days on Market 6 45 -86.67%  13 56 -76.79% 
List/Sell Price Ratio 100% 99% 0.93%  99.5% 98.8% 0.78% 
Average Listing Price $270,516 $262,063 3.23%  $257,417 $250,759 2.66% 
Average Selling Price $268,651 $258,749 3.83%  $255,414 $247,022 3.4% 
Average Days on Market 27 67 -59.7%  40 85 -52.94% 
SOLD AND NEW PROPERTIES (UNITS)
May 2016 | All Property Types (SFH & Condos/Townhomes)
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

EL PASO COUNTY | COLORADO SPRINGS
MEDIAN SALES PRICE AND NUMBER OF SALES
May 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
May 2016 | All Property Types (SFH & Condos/Townhomes)

Median Sales Price | Price of the "middle" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

EL PASO COUNTY | COLORADO SPRINGS
SALES PRICE AS PERCENTAGE OF ORIGINAL PRICE
May 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
May 2016 | All Property Types (SFH & Condos/Townhomes)


Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

EL PASO COUNTY | COLORADO SPRINGS
PROPERTIES FOR SALE AND SOLD PROPERTIES
May 2016 | All Property Types (SFH & Condos/Townhomes)
AVERAGE ASKING/SOLD/UNSOLD PRICE
May 2016 | All Property Types (SFH & Condos/Townhomes)
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

EL PASO COUNTY | COLORADO SPRINGS
ABSORPTION RATE
May 2016 | All Property Types (SFH & Condos/Townhomes)
MONTHS SUPPLY OF INVENTORY
May 2016 | All Property Types (SFH & Condos/Townhomes)
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
Months Supply of Inventory | Propertes for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

The statistics presented in Area Report are compiled monthly based on figures and data generated by IDC global for the benefit of Coldwell Banker Residential Brokerage. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data sourced from is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.
©2016 Coldwell Banker Real Estate LLC. Coldwell Banker®, Previews® and Previews International® are registered trademarks licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned by a Subsidiary of NRT LLC. All rights reserved. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Parties should investigate these issues to their own satisfaction. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License #01908304.
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