November 2022 Colorado Springs real estate statistics: Inventory seems to have reached its summit, with current inventory at 2,424 homes for sale. Our one month supply is now at 78 days. Inventory is up 182.5% from last year, offering more choices for buyers and competition for sellers. Instead of falling, prices continue to rise, increasing at a much more moderate pace

What does the real estate market in November 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: 953

This number is down 20.6% from last year, when it was 1,201.

Total Residential Sales: 936

This number is down 36.2% from last year, when it was 1,466.

Total Active Listings: 2,430

This is up a huge 184.2% from last year, when it was 855.

Median Price of Home: $453,000

Up 0.7% from last year, when it was $450,000.

Average Days on Market: 34

Homes are taking 143.0% longer to sell than last year, when it took 14 days to sell a home.

Summary

November 2022 Colorado Springs real estate statistics: Inventory seems to have reached its summit, with current inventory at 2,424 homes for sale. Our one month supply is now at 78 days. Inventory is up 182.5% from last year, offering more choices for buyers and competition for sellers. Instead of falling, prices continue to rise, increasing at a much more moderate pace.

What does the real estate market in November 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.

Colorado Springs has been listed as the #1 market to watch.