February 2021 Real Estate Statistics

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Posted: March 9, 2021
Category: Real Estate Stats
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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.

What does the real estate market in February tell us about rental homes? More rental homes are needed for all the folks who cannot buy homes because of the low inventory. 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!



Colorado Springs real estate report from All County® Colorado Springs
Colorado Springs real estate report from All County® Colorado Springs

New Listings: 1,349


This number is up 7.6% from last year, when it was 1,254.

Total Residential Sales: 981


This number is down slightly at 0.4% from last year, when it was 985.

Total Active Listings: 462


This is down a whopping 57.4% from last year, when it was about double, at 1,085.

Total Under Contract: 2,180


This is about the same as last year, when it was 2,185.

Median Price of Home: $403,000


This is up 18.2% from last year.

Average Price of Home: $454,899


Still going up from last year, when it was $385,749.

Average Days on Market: 20


Down 39.4% from last year, when it was 33. A big change reflecting a seller's market.

YTD Total Sales: 1952


Up a bit from last year, when we had 1901 Year-to-Date total sales.

Summary


February 2021 Colorado Springs real estate statistics:Home prices continue upward 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.

What does the real estate market in February tell us about rental homes? More rental homes are needed for all the folks who cannot buy homes because of the low inventory. 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!

Want to know more about the Colorado Springs market?


Colorado Springs has been ranked as the #4 best place to live in the US.

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