July 2019 Colorado Springs Real Estate Statistics

July 2019 Local Market Statistics: What does the real estate market in July tell us about rental homes? With home prices skyrocketing in the Colorado Springs metro area, more people are having trouble affording to buy a new home. The PPAR market needs an influx of homes to rent.

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 July. You can read more by clicking here: https://ppar.com/MarketTrends.aspx

Total Residential Sales: 1,661

This number is up 4.4% from last year, and is actually a new record for homes sold in July!

Total Active Listings: 2,199

This is down 7.1% from July of 2018.

Median Price of Home: $332,000

Still rising, up 7.8% from last year at this time, when it was $310,000. As home prices rise, the market needs more rental homes.

Average Days on Market: 23

Essentially the same as last year when it was 22 days, showing a stable market.

Summary

What do the July 2019 Local Market Statistics tell us about rental homes? Home prices are rising fast. There are just not enough homes in the price range most people want in the PPAR region.

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!