February 2022 Colorado Springs real estate statistics: 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!
New Listings: 1,186
This number is up 12.1% from last year, when it was 1,349.
Total Residential Sales: 1,015
This number is up 3.5% since last year, when it was 981.
Total Active Listings: 487
This is up 5.4% from last year, when it was 462.
Total Under Contract: 2,073
This is 5.3% less than last year, when it was 2,180.
Median Price of Home: $465,000
Up 15.4% from last year, when it was $403,000.
Average Price of Home: $514,757
This is up 12.9% from last year, when it was $454,899.
Note: The median home price is the most common sales price of all the homes sold in February 2022. The average sales price is the combined average of all sold properties for the same period.
Average Days on Market: 13
Homes are selling faster than last year, when it took 20 days to sell a home. A change that reflects a seller’s market.
YTD Total Sales: 2,071
Up 6.1% from last year, when we had 1,952 Year-to-Date total sales.
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?
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