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!