With home inventory low and prices high, the PPAR market needs an influx of homes to rent. If you have a home to rent, or are interested in renting your home, call us today at (719) 445-7172 Here are some of the numbers in the PPAR region for March. You can read more by clicking here: https://ppar.com/MarketTrends.aspx
Total Sold Listings: 1,231
This number is about the same as last year, down only 1.3%.
Total Active Listings: 1,371
This is down 5.8% from March of 2017.
Median Price of Home: $300,000
Still rising, up from $268,000 last year (10.7%) in March. As home prices rise, the market needs more rental homes.
Average Days on Market: 28
This is down significantly last year, where DoM was 36. This means homes are being sold quickly!
Home prices are high. Homes are selling faster. There are just not enough homes in the price range most people want in the PPAR region. The market is about to heat up for summer!
What does all of this mean? 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!