September 2022 Colorado Springs real estate statistics: For the 4th month, inventory has increased, with 2,689 homes for sale. However, we have roughly the same number of homes for sale as we did last month. Other big takeaways are: Prices are still increasing; Median time on market is only 17 days; Inventory level is holding pretty steady.
What does the real estate market in September 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!
What does the real estate market in September 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: 1,498
This number is down 18.1% from last year, when it was 1,829.
Total Residential Sales: 1,294
This number is down 26.4% from last year, when it was 1,758.
Total Active Listings: 2,690
This is up a huge 127.2% from last year, when it was 1,184.
Median Price of Home: $460,000
Up 4.5% from last year, when it was $440,000.
Average Price of Home: $523,117
This is up 5.04% from last year, when it was $498,003.
Note: The median home price is the most common sales price of all the homes sold in September 2022. The average sales price is the combined average of all sold properties for the same period.
Average Days on Market: 25
Homes are taking more than twice as long to sell than last year, when it took 12 days to sell a home.
Summary
September 2022 Colorado Springs real estate statistics: For the 4th month, inventory has increased, with 2,689 homes for sale. However, we have roughly the same number of homes for sale as we did last month. Other big takeaways are: Prices are still increasing; Median time on market is only 17 days; Inventory level is holding pretty steady.
What does the real estate market in September 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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