September 2020 Colorado Springs Real Estate Statistics

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Posted: October 6, 2020
Category: Investment property , Real Estate Stats
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September 2020 Colorado Springs real estate statistics: Big home sales—up 29.4%—with 1,804 homes sold.
Median price hit a new all time record of $385,000—up 18.3% from last year. The biggest news is that we have a new record low inventory of homes for sale. As of October 1, 2020, only 992 homes remain for sale, down 52.5% from last year, a huge jump. This equates to about a 2 weeks supply of homes. This extremely low inventory mean buyer competition is high.

What does the real estate market in September tell us about rental homes? Buyers are having a hard time finding homes, so they need rentals. More rental homes are needed! If you have investment property you’d like to rent out, call us today at (719) 445-7172

Visit the full PPAR market trends report by clicking here.

Visit previous Colorado Springs market reports by clicking here.

Colorado Springs real estate report from All County® Colorado Springs
Colorado Springs real estate report from All County® Colorado Springs


New Listings: 1,665


This number is up 17.2% from last year.

Total Residential Sales: 1,804


This number is up 29.4% from last year.

Total Active Listings: 1,062


This is down a whopping 49.1% from September of 2019, a new record. Not enough homes are being listed.

Total Under Contract: 2,854


This is up from September of 2019, when it was 2,227.

Median Price of Home: $385,000


Still rising. Home prices are going up at a record rate. This is up 18.3% from last year.

Average Price of Home: $431,293


Average price down 17%.

Average Days on Market: 21


Down 19.2% from last year, when it was 26. Not a big change, but a positive one.

YTD Total Sales: 12,750


Up from last year, when we had 12,177 Year-to-Date total sales.

Summary


September 2020 Colorado Springs real estate statistics: September 2020 Colorado Springs real estate statistics: Big home sales—up 29.4%—with 1,804 homes sold. 
Median price hit a new all time record of $385,000—up 18.3% from last year. The biggest news is that we have a new record low inventory of homes for sale. As of October 1, 2020, only 992 homes remain for sale, down 52.5% from last year, a huge jump. This equates to about a 2 weeks supply of homes. This extremely low inventory mean buyer competition is high.

What does the real estate market in September tell us about rental homes? Buyers are having a hard time finding homes, so they need rentals. More rental homes are needed! If you have investment property you’d like to rent out, call us today at (719) 445-7172

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.

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