The typical cycle of sales in the Pikes Peak Area, the PPAR, is highest in the summer and drops off as winter approaches. October reflects that trend. Here are some examples You can read more by going to this URL: https://ppar.com/MarketTrends.aspx
Down 5.4% from September 2017, but 13% higher than October of 2016.
Total Homes for Sale
Down nearly 10% over last month and down 13% over October 2016.
Average and Median Prices of Homes
Continues to rise with fewer sales, 2.4% higher than September 2017 and 7.9% higher than October 2016.
Year-to-Date Volume (YTD)
Higher home prices result in increase of 18% in total YTD volume over 2016 YTD.
Although most categories are down in October 2017 compared to September 2017, they are still higher than the same time last year.
What does all of this mean? It’s a great time to rent a home in Colorado Springs, and a great time to rent 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!