February 2020 Colorado Springs PPAR Real Estate Statistics

February 2020 Colorado Springs PPAR Real Estate Statistics

February 2020 Colorado Springs Real Estate Statistics

February 2020 Colorado Springs Real Estate Statistics: The median sales price in February broke a record in the Colorado Springs PPAR. With a median of $341,000, this is up almost $30,000 from February 2019, a huge jump. Home inventory is still at a record lows. Full employment and low interest rates are continuing a strong seller’s market.

What does the real estate market in February tell us about rental homes? 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 February. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

See more of our real estate statistics blogs by clicking here.

Total Residential Sales: 985

This number is up 6.7% from last year.

Total Active Listings: 1,085

This is down a whopping 28.5% from February of 2019, leading to a lack of homes for sale.

Median Price of Home: $341,000

Still rising, up 8.3% from last year at this time.

Average Days on Market: 33

Down 23.2% from last year, again illustrating the lack of homes to choose from.

Summary

The median sales price in February broke a record in the Colorado Springs PPAR. With a median of $341,000, this is up almost $30,000 from February 2019, a huge jump. Home inventory is still at a record lows. Full employment and low interest rates are continuing a strong seller’s market.

What does the real estate market in February 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.

All County® is here for you!

January 2020 Colorado Springs Real Estate Statistics

January 2020 Colorado Springs Real Estate Statistics

January 2020 Colorado Springs Real Estate Statistics

January 2020 for the Pikes Peak PPAR region shows very low inventory. Total Active Listings are 1,190, with a record high Median Sales Price at $336,795.

This is reflected in the Days on Market dropping 34.8% from last year to only 30 days.

What does the real estate market in January tell us about the residential rental market? Homes are harder to buy. Fewer residences are on the market for less time, and cost more. Thus, the PPAR market is in great need for 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 January. You can read more by clicking here: ppar.com. You can read more about the real estate market in Colorado Springs here: coloradorealtors.com .

Total Residential Sales: 916

This number is up 6.6% from last year. Usually low in January.

Total Active Listings: 1,190

This is down a whopping 26.4% from January of 2019, illustrating our low inventory.

Median Price of Home: $336,795

Still rising, up 11% from last year at this time.

Average Days on Market: 30

Down 34.8% from last year. Homes are selling quickly.

Summary

January 2020 for the Pikes Peak PPAR region shows very low inventory. Total Active Listings are 1,190, with a record high Median Sales Price at $336,795.

This is reflected in the Days on Market dropping 34.8% from last year to only 30 days.

What does the real estate market in January tell us about the residential rental market? 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!

December 2019 Colorado Springs Real Estate Statistics

December 2019 Colorado Springs Real Estate Statistics

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December 2019 Colorado Springs Real Estate Statistics

December 2019 for the Pikes Peak PPAR region broke records. There were record sales for December, with 1,247 homes sold, up 17.2% from last December.

We also hit record median and average home prices for a December month at $329,990 and $364,585 respectively.

We have record low inventory numbers with only a 1.04 month supply in the Pikes Peak region– less for homes with a Colorado Springs address. As of January 1st, there are only 1,295 homes for sale.

Full employment and low interest rates makes this a very strong real estate market. With pending sales up 24.1%, the next couple of months look good for closings.

What does the real estate market in December tell us about rental homes? Home prices are at record highs so, more people are having trouble affording new homes. Thus, 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 December. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,247

This number is up 17.2% from last year. A new December record!

Total Active Listings: 1,302

This is down a whopping 22.7% from December of 2018.

Median Price of Home: $329,990

Still rising, up 9.7% from last year at this time. A new December record as well!

Average Days on Market: 34

Down 15% from last year. One of the statistics you want to be down!

Summary

December 2019 for the Pikes Peak PPAR region broke records. There were record sales for December, with 1,247 homes sold, up 17.2% from last December.

We also hit record median and average home prices for a December month at $329,990 and $364,585 respectively.

We have record low inventory numbers with only a 1.04 month supply in the Pikes Peak region– less for homes with a Colorado Springs address. As of January 1st, there are only 1,295 homes for sale.

Full employment and low interest rates makes this a very strong real estate market. With pending sales up 24.1%, the next couple of months look good for closings.

What does the real estate market in December 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.

All County® is here for you!

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!

October 2019 Local Real Estate Stats Colorado Springs

October 2019 Local Real Estate Stats Colorado Springs

October 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has moved into a seller’s market this October. 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 October. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,448

This number is down 9.7% from last year, quite a jump.

Total Active Listings: 1,940

This is down a whopping 18.3% from October of 2018.

Median Price of Home: $335,500

Still rising, up 10% from last year at this time.

Average Days on Market: 29

Down 6.5% from last year. One of the statistics you want to be down!

Summary

October 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has moved into a seller’s market this October. 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!

September 2019 Local Real Estate Stats Colorado Springs

September 2019 Local Real Estate Stats Colorado Springs

September 2019 Local Real Estate Stats Colorado Springs: What does the real estate market in September 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 September. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,394

This number is up 6.3% from last year, pretty much staying the same.

Total Active Listings: 2,087

This is down 14.7% from September of 2018.

Median Price of Home: $325,500

Still rising, up 6.5% from last year at this time, but down a bit from last month.

Average Days on Market: 27

Down 3.8% from last year. One of the statistics you want to be down, so this is good news for the market.

Summary

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 September 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!

August 2019 Local Real Estate Stats for Colorado Springs

August 2019 Local Real Estate Stats Colorado Springs

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.

Summary

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!

July 2019 Local Market Real Estate Statistics

July 2019 Local Market Statistics

July 2019 Colorado Springs Real Estate Statistics

July 2019 Local Market Statistics: What does the real estate market in July tell us about rental homes? With home prices skyrocketing in the Colorado Springs metro area, more people are having trouble affording to buy a new home. The PPAR market needs an influx of homes to rent. 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 July. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,661

This number is up 4.4% from last year, and is actually a new record for homes sold in July!

Total Active Listings: 2,199

This is down 7.1% from July of 2018.

Median Price of Home: $332,000

Still rising, up 7.8% from last year at this time, when it was $310,000. As home prices rise, the market needs more rental homes.

Average Days on Market: 23

Essentially the same as last year when it was 22 days, showing a stable market.

Summary

What do the July 2019 Local Market Statistics tell us about rental homes? Home prices are rising fast. There are just not enough homes in the price range most people want in the PPAR region.

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!

June 2019 Colorado Springs Real Estate Statistics

June 2019 Colorado Springs Local Real Estate Stats

With home prices skyrocketing in the Colorado Springs metro area, more people are having trouble affording to buy a new home. The PPAR market needs an influx of homes to rent. 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 June. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,651

This number is down 4.9% from last year, reflecting rising home prices.

Total Active Listings: 2,123

This is down 1.7% from June of 2018.

Median Price of Home: $331,000

Still rising, up 16% from last year at this time, when it was $285,250. As home prices rise, the market needs more rental homes.

Average Days on Market: 24

This number usually goes down during the summer. Last year it was 21, showing DoM is up 14.3% this year

Summary

Home prices are rising fast. 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!