March 2020 real estate statistics: Before the COVID-19 restrictions, 2020 real estate had a strong start, setting records in home prices and sales. The Colorado Springs real estate market did not slow down in March.

What does the real estate market in March tell us about rental homes? More people are having trouble affording to buy a new home as one prices rise, and there are not enough homes on the market, causing a need for rentals. If you have investment property you’d like to rent out, 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.

See last month’s statistics by clicking here.

Total Residential Sales: 1,270

This number is up 3.8% from last year, showing the market is still growing.

Total Active Listings: 1,328

This is down 9.1% from March of 2019, illustration the lack of homes for sale, and why rentals are in high demand.

Median Price of Home: $352,400

Still rising, up almost $40,000 from last year.

Average Days on Market: 29

Down 19.4% from last year, showing that homes are being snatched up faster.

Summary

Before the COVID-19 restrictions, 2020 real estate had a strong start, setting records in home prices and sales. The Colorado Springs real estate market did not slow down in March.

What does the real estate market in March tell us about rental homes? More people are having trouble affording to buy a new home as one prices rise, and there are not enough homes on the market, causing a need for rentals. IF you’re looking for a home to rent, 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!