September 2022 Real Estate Statistics

October 20, 2022
Blog , Real Estate Stats , Realtors
0

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!

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

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.

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.

Hey, like this? Why not share it with a buddy?

Related Posts