November 2019 Local Real Estate Stats Colorado Springs

November 2019 Local Real Estate Stats Colorado Springs

November 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has continued to be a seller’s market this November. That means that people who are selling a home have the advantage over those that are trying to buy.

What does that tell us about rental homes? People who are having a hard time trying to buy need a rental home, so it’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs! If you have investment property you’d like to rent, call us today at (719) 445-7172

Here are some of the numbers in the PPAR region for November. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,188

This number is up 8.4% from last year, quite a jump.

Total Active Listings: 1,667

This is down a whopping 22.6% from November of 2018.

Median Price of Home: $325,000

Still rising, up 7.3% from last year at this time.

Average Days on Market: 29

Down 17.1% from last year. One of the statistics you want to be down, as it means homes sell faster.

Summary

November 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has continues to be a seller’s market this November. That means that people who are selling a home have the advantage over those that are trying to buy.

What does that tell us about rental homes? People who are having a hard time trying to buy need a rental home, so it’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs!

If you need 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!

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