February 2018 Colorado Springs real estate statistics

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February 2018 Colorado Springs Real Estate Statistics

With home inventory low and prices high, the PPAR market needs an influx of homes to rent. If you have a home to rent, or are interested in renting your home, call us today at (719) 445-7172. Here are some of the numbers in the PPAR region for February. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 946

This number is up 146 from last year. Homes are in demand!

Total Homes for Sale: 1,233

This is up 40 homes from February of 2017.

Median Price of Home: $292,470

Still rising, up from $255,000 last year at this time. As home prices rise, the market needs more rental homes.

Average Days on Market: 40

This is about the same as last year, where DoM was 41.

Summary

Home prices are high. Homes are selling faster. There are just not enough homes in the price range most people want in the PPAR region.

What does all of this mean? It’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs! Check out our available rentals at: http://allcountycs.com/available-rentals

Call us today at: (719) 445-7172 for more information about renting out your home in Colorado Springs.

All County is here for you!