February 2021 Colorado Springs real estate statistics: Home prices continue climbing, with double-digit gains over last year. This is mainly due to high demand and low supply from the pandemic. The median home price surpassed $400,000, something we’ve never seen before. This price is up 18.2% from February of last year. The average price went up 17.6% to $454,900. Home inventory is staying very low, with 471 homes for sale in the entire Pikes Peak Region.
January 2021 Colorado Springs real estate statistics: Colorado Springs has a record strong seller’s market, and record low inventory. Only 460 homes were for sale last month for the whole PPAR area. Comparatively, there were 1,192 homes for sale in January last year. The COVID-19 pandemic has put a huge strain on our inventory. Homes are selling fast, needing little marketing.
August 2020 Colorado Springs real estate statistics: August 2020 didn’t beat July’s record sales, but came close. For the 2nd time, we had all-time high record sales of 1,771 homes, up 14.9% from last year. Continue reading →