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.
What does the real estate market in January 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: 1,112
This number is up 16.6% from last year, when it was 1,333. A huge drop.
Total Residential Sales: 971
This number is up 6.0% from last year, when it was 916.
Total Active Listings: 460
This is down a whopping 61.3% from last year, when it was more than double, at 1,190.
Total Under Contract: 1,895
This is the same as last year, when it was 1,894.
Median Price of Home: $385,000
This is up 14.3% from last year.
Average Price of Home: $433,581
Still going up from last year, when it was $336,795.
Average Days on Market: 17
Down 43.3% from last year, when it was 30. A big change reflecting low inventory.
YTD Total Sales: 971
Up from last year, when we had 913 Year-to-Date total sales.
Summary
January 2021 Colorado Springs real estate statistics: Colorado Springs has a record strong seller’s market. 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.
What does the real estate market in January 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.
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Want to know more about the Colorado Springs market?
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