October 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has moved into a seller’s market this October. That means that people who are selling a home have the advantage over those that are trying to buy.
What does that tell us about rental homes? People who are having a hard time trying to buy need a rental home, so it’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs! If you have investment property you’d like to rent, call us today at (719) 445-7172
Here are some of the numbers in the PPAR region for October. You can read more by clicking here: https://ppar.com/MarketTrends.aspx
Total Residential Sales: 1,448
This number is down 9.7% from last year, quite a jump.
Total Active Listings: 1,940
This is down a whopping 18.3% from October of 2018.
Median Price of Home: $335,500
Still rising, up 10% from last year at this time.
Average Days on Market: 29
Down 6.5% from last year. One of the statistics you want to be down!
Summary
October 2019 Local Real Estate Stats Colorado Springs: The PPAR Colorado Springs real estate market has moved into a seller’s market this October. That means that people who are selling a home have the advantage over those that are trying to buy.
What does that tell us about rental homes? People who are having a hard time trying to buy need a rental home, so it’s a great time to have a Colorado Springs investment home, and a great time to rent a home in Colorado Springs!
If you need 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!
