August 2022 Real Estate Statistics

September 7, 2022

August 2022 Colorado Springs real estate statistics: While sales have slowed some since spring, and the inventory is at a several year high, prices have held strong.

What does the real estate market in August tell us about rental homes? More rental homes are still needed. If you have investment property you’d like to rent out, call us today at (719) 445-7172. This is the perfect time to rent your home!

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Colorado Springs real estate report from All County® Colorado Springs

New Listings: 1,801

This number is down 8.1% from last year, when it was 1,960.

Total Residential Sales: 1,366

This number is down 27% from last year, when it was 1,870.

Total Active Listings: 2,639

This is up an amazing 161.5% from last year, when it was 1,009.

Median Price of Home: $480,592

Up 6.8% from last year, when it was $450,000.

Average Price of Home: $530,547

This is up 6.26% from last year, when it was $499,278.

Note: The median home price is the most common sales price of all the homes sold in August 2022. The average sales price is the combined average of all sold properties for the same period.

Average Days on Market: 17

Homes are taking almost twice as long to sell then last year, when it took 9 days to sell a home.

Summary

August 2022 Colorado Springs real estate statistics: While sales have slowed some since spring, and the inventory is at a several year high, prices have held strong.

What does the real estate market in August tell us about rental homes? More rental homes are still needed. If you have investment property you’d like to rent out, call us today at (719) 445-7172. This is the perfect time to rent your home.

All County® is here for you!