May 2022 Colorado Springs real estate statistics: The main takeaways from last month are: homes sold for 3.1% over list price on average; median time on market is only 4 days; inventory is up quite a bit at 1,355 homes for sale.
What does the real estate market in May 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!
What does the real estate market in May 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: 2,200
This number is up 17.3% from last year, when it was 1,876.
Total Residential Sales: 1,689
This number is up 8.9% from last year, when it was 1,551.
Total Active Listings: 1365
This is up 69.1% from last year, when it was 807.
Total Under Contract: 2,504
This down 10.3% from last year, when it was also 2,790!
Median Price of Home: $487,000
Up 12.7% from last year, when it was $432,095.
Average Price of Home: $554,013
This is up 13.2% from last year, when it was $489,526.
Note: The median home price is the most common sales price of all the homes sold in May 2022. The average sales price is the combined average of all sold properties for the same period.
Average Days on Market: 11
Homes are taking about 1 day longer to sell then last year, when it took 10 days to sell a home.
YTD Total Sales: 6.607
Up 4.4% from last year, when we had 6,331 Year-to-Date total sales.
Summary
May 2022 Colorado Springs real estate statistics: The main takeaways from last month are: homes sold for 3.1% over list price on average; median time on market is only 4 days; inventory is up quite a bit at 1,355 homes for sale.
What does the real estate market in May 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.
All County® is here for you!
Want to know more about the Colorado Springs market?
Colorado Springs has been ranked as the #2 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.
