Local market statistics released by the Pikes Peak Association of REALTORS® (PPAR) for January 2020. Read more at: https://ppar.com/MarketTrends.aspx
January 2020 Colorado Springs Real Estate Statistics: The Colorado Springs real estate market has a lack of inventory.
Rental homes are more in demand than ever in the PPAR MLS. Our market is suppressed by the lack of available homes for sale. With inventory so low and demand still high, we're going to see record sales prices this year, making it even harder for the average person to buy a new home. Call All Seasons today to find out the steps you need to take to offer your Colorado Springs investment property as a rental. With All Seasons, it’s not as hard as you may think! (719) 632-3368
Single Family Home Sales Price
Median for January 2020: $336,795
Median for January 2019: $303,450
Result: Up 11% percent from last year. Home values still rising fast in our community. Good news if you already own a home, but the increasing prices make it harder for prospective buyers to afford home prices.
Average Days on Market
January 2020: 30 days
January 2019: 46 days
Result: The days needed to sell your home in January down 34.8% from last year, a significant drop.
Year-to-Date (YTD) Total Homes Sold
January 2020: 916 homes sold
January 2019: 902 homes sold
Result: YTD total homes sold is about the same as last year.
January 2020 Colorado Springs Real Estate Statistics: The Colorado Springs real estate market has a lack of inventory.
Rental homes are more in demand than ever in the PPAR MLS. Our market is being suppressed by the lack of available homes for sale. With inventory so low and demand still high, we're going to see record sales prices this year, making it even harder for the average person to buy a new home. Call All Seasons today to find out the steps you need to take to offer your Colorado Springs investment property as a rental. With All Seasons, it’s not as hard as you may think! (719) 632-3368
