June 2022 Colorado Springs real estate statistics: The most significant statistic is the increase in inventory. This is the first month we are seeing over 2,000 homes for sale since the start of the pandemic, a relief to our market’s buyers. It is important to note that this inventory level is similar to the levels in 2019 & 2019, so the PPAR market is getting back to normal levels.
What does the real estate market in June tell us about rental homes? More rental homes are still needed. 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!
What does the real estate market in June tell us about rental homes? More rental homes are still needed. 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: 2,350
This number is up 13.1% from last year, when it was 2,078.
Total Residential Sales: 1,712
This number is down 5.7% from last year, when it was 1,816.
Total Active Listings: 2,125
This is up an amazing 173.5% from last year, when it was 777.
Total Under Contract: 2,149
This down 22.9% from last year, when it was 2,786.
Median Price of Home: $495,000
Up 10% from last year, when it was $450,000.
Average Price of Home: $551,304
This is up 9.6% from last year, when it was $502,961.
Note: The median home price is the most common sales price of all the homes sold in June 2022. The average sales price is the combined average of all sold properties for the same period.
Average Days on Market: 10
Homes are taking about 1 day longer to sell then last year, when it took 9 days to sell a home.
YTD Total Sales: 8,315
Up 2.1% from last year, when we had 8,147 Year-to-Date total sales.
Summary
June 2022 Colorado Springs real estate statistics: The most significant statistic is the increase in inventory. This is the first month we are seeing over 2,000 homes for sale since the start of the pandemic, a relief to our market’s buyers. It is important to note that this inventory level is similar to the levels in 2019 & 2019, so the PPAR market is getting back to normal levels.
What does the real estate market in June tell us about rental homes? More rental homes are still needed. 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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Colorado Springs has been ranked as the #2 best place to live in the US.
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