February 2021 Colorado Springs real estate statistics: Home prices continue climbing, with double-digit gains over last year. This is mainly due to high demand and low supply from the pandemic. The median home price surpassed $400,000, something we’ve never seen before. This price is up 18.2% from February of last year. The average price went up 17.6% to $454,900. Home inventory is staying very low, with 471 homes for sale in the entire Pikes Peak Region.
Category: Real Estate Stats
January 2021 Colorado Springs real estate statistics: Colorado Springs has a record strong seller’s market, and record low inventory. Only 460 homes were for sale last month for the whole PPAR area. Comparatively, there were 1,192 homes for sale in January last year. The COVID-19 pandemic has put a huge strain on our inventory. Homes are selling fast, needing little marketing.
December 2020 real estate statistics: Inventory broke records yet again, falling to a record low of 532 homes for sale in the entire Pikes Peak Region. This is less than a 1/2-month-supply of homes, just 12 days. Showing that homes are even more scarce is the statistic that less than 250 of the inventory are in the Colorado Springs city limits.
November 2020 real estate statistics: The lack of inventory in the Colorado Springs housing market broke records this month and fell to only 680 homes for sale in the entire Pikes Peak Region. This equates to 14 days inventory.
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October 2020 real estate statistics: The Colorado Springs real estate market is low on inventory. As of November 1st, there are only 925 homes for sale. There were 55% fewer homes available for sale in October 2020 than in 2019.
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September 2020 Colorado Springs real estate statistics: Big home sales—up 29.4%—with 1,804 homes sold.
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August 2020 Colorado Springs real estate statistics: August 2020 didn’t beat July’s record sales, but came close. For the 2nd time, we had all-time high record sales of 1,771 homes, up 14.9% from last year. Continue reading →
July 2020 Colorado Springs real estate statistics: Although July 2020 did not show the end of the COVID pandemic, the local PPAR MLS real estate market broke all-time records. Continue reading →
April 2020 Colorado Springs real estate statistics: The results from the COVID-19 restrictions are starting to affect the local real estate results. The number of new listing is down 24% and sold listings is down 7.7%, showing the agents could not work at full capacity. The Days on Market is down a whopping 35.5% because people snatched up homes while they still could, fearing what might happen in the market.
March 2020 real estate statistics: Before the COVID-19 restrictions, 2020 real estate had a strong start, setting records in home prices and sales. The Colorado Springs real estate market did not slow down in March.