August 2019 Local Real Estate Stats Colorado Springs: What does the real estate market in August tell us about rental homes? Home prices are still rising and there are less active listings in the Colorado Springs metro area. This means more people are having trouble affording to buy a new home, and the PPAR market needs more rental homes.
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 August. You can read more by clicking here: https://ppar.com/MarketTrends.aspx
Total Residential Sales: 1,542
This number is up 0.8% from last year, pretty much staying the same.
Total Active Listings: 2,194
This is down a whopping 9.1% from August of 2018, but about the same as last month. Steady as she goes.
Median Price of Home: $330,000
Still rising, up 4.8% from last year at this time, but down a bit from last month.
Average Days on Market: 22
Down a big 15.4% from last year. One of the statistics you want to be down, so this is good news for the market.
Home prices are still rising. The PPAR region still needs more rental homes so that people who can’t afford to buy but still want a nice home for their family can find a rental.
What do the August 2019 local real estate stats for Colorado Springs tell us about rental homes? 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. We handle single-family rental homes, as well multiple family dwellings.
All County® is here for you!