October 2022 Colorado Springs real estate statistics: Here is a brief summary of some of the October data:
- Sales down 33.0% at 1,100 units
- Average price up 4.3% at $532,006
- Median price up 4.3% at $465,000
- Inventory of unsold homes up 150.5% at 2,648 homes
- Months supply of homes for sale 2.41
- Pending Sales 1,323
What does the real estate market in October 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: 1,239
This number is down 22.4% from last year, when it was 1,596.
Total Residential Sales: 1,100
This number is down 33.0% from last year, when it was 1,641.
Total Active Listings: 2,645
This is up a huge 152.4% from last year, when it was 1,048.
Median Price of Home: $465,000
Up 4.3% from last year, when it was $446,000.
Average Days on Market: 32
Homes are taking more than twice as long to sell than last year, when it took 12 days to sell a home.
Summary
October 2022 Colorado Springs real estate statistics:
What does the real estate market in October 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.
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