June 2021 Colorado Springs real estate statistics:
Colorado Springs has a strong seller’s market right now. June 2021 brought Colorado Springs record breaking home price increases. High demand and lack of supply continue to push up prices. The average price crossed the $500,000 mark for the first time.
What does the real estate market in June 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: 2,078
This number is down 2.9% from last year, when it was 2,020.
Total Residential Sales: 1,816
This number is up 7.8% from last year, when it was 1,684.
Total Active Listings: 777
This is down a whopping 47.5% from last year, when it was about double, at 1,479.
Total Under Contract: 2,786
This is about the same as last year, when it was 3,040.
Average Price of Home: $502,961
This is up 25.1% from last year.
Median Price of Home: $450,000
Still going up from last year, when it was $360,000.
Average Days on Market: 9
Homes are selling twice as fast as last year, when it took an average of 18 days to sell a home. A big change, reflecting a huge seller’s market.
YTD Total Sales: 8,147
Up a bit from last year, when we had 7,200 Year-to-Date total sales.
Summary
June 2021 Colorado Springs real estate statistics:
Colorado Springs has a strong seller’s market right now. June 2021 brought Colorado Springs record breaking home price increases. High demand and lack of supply continue to push up prices. The average price crossed the $500,000 mark for the first time.
What does the real estate market in June 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?
Colorado Springs has been ranked as the #4 best place to live in the US.
Colorado Springs has the US #1 neighborhood to buy investment property.
Colorado Springs has been listed as the #1 market to watch.
