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

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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!