September 2021 Real Estate Statistics

October 15, 2021
Investment property , Real Estate Stats , Realtors
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September 2021 Colorado Springs real estate statistics: The real estate market conditions for the Colorado Springs area show a slight swing toward a buyers’ market. Inventory increased for the first time since April 2020. The active inventory is up 15.1% over last year, with 1,146 homes for sale. Competition for homes will ease as more inventory comes on market, although the median time on market is still only 4 days, and prices are still increasing by double digits. The average sales price is just below the $500k threshold, at $498,004. Home sales are down 2.6%, and pending sales are at 2,149 homes.

What does the real estate market in September tell us about rental homes? More rental homes are needed for all the folks who cannot buy homes because of the low inventory. 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 real estate report from All County® Colorado Springs
Colorado Springs real estate report from All County® Colorado Springs

New Listings: 1,829

This number is up 9.8% from last year, when it was 1,665.

Total Residential Sales: 1,758

This number is down 2.5% from last year, when it was 1,804.

Total Active Listings: 1,184

This is up 18.9% from last year, when it was 966.

Total Under Contract: 2,412

This is 15.5% less than last year, when it was 2,854.

Median Price of Home: $440,000

Up 14.3% from last year, when it was $385,000.

Average Price of Home: $498,003

This is up 2.0% from last year, when it was $431,293.

Note: The median home price is the most common sales price of all the homes sold in September 2021. The average sales price is the combined average of all sold properties for the same period.

Average Days on Market: 12

Homes are selling over twice as fast as last year, when it took 21 days to sell a home. A big change, reflecting a huge seller’s market.

YTD Total Sales: 13,610

Up 6.8% from last year, when we had 12,750 Year-to-Date total sales.

Summary

September 2021 Colorado Springs real estate statistics: The real estate market conditions for the Colorado Springs area show a slight swing toward a buyers’ market. Inventory increased for the first time since April 2020. The active inventory is up 15.1% over last year, with 1,146 homes for sale. Competition for homes will ease as more inventory comes on market, although the median time on market is still only 4 days, and prices are still increasing by double digits. The average sales price is just below the $500k threshold, at $498,004. Home sales are down 2.6%, and pending sales are at 2,149 homes.

What does the real estate market in September tell us about rental homes? More rental homes are needed for all the folks who cannot buy homes because of the low inventory. 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.

All County® is here for you!

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