Our local real estate market is slowing down as school starts and we head toward the fall months. In comparison to last year, we had fewer homes sell this July, perhaps an adjustment from the high-selling summer months. The Median Home Price continues to increase, up 8.1% from last year. Homes are selling for their list price, not over or under.
July 2018 Colorado Springs Real Estate Statistics: The price of a residential home in the Colorado Springs region is still high, at $310,000. Since less people can afford that down payment, less homes (2,279) are on the market, and sell quickly (22 days). This means there ismore demand for Colorado Springs rentals!
If you think it may be too hard to rent out your home in Colorado Springs, think again! Our property managers are experts, guiding you through the process every step of the way.
Call All Seasons today to find out how you can make money by offering your Colorado Springs investment property as a rental. (719) 632-3368
Single Family Home Sales Price
Median for July 2018: $310,000
Median for July 2017: $285,000
Result: The median sales price of a home is still going up, $25,000 from July last year. Since less people who can afford to buy, more people want to rent homes.
Rental home availability is very low, so if you have an investment property you would like to rent, or would like to buy a property to use as an investment property, call us today! We’ll help you get your home ready for the rental market, and keep it rented! Many families need these media-priced homes to rent.
Average Days on Market
July 2018: 22 days
July 2017: 22 days
Result: The average Days on Market is exactly the same as last year showing the selling pattern for fall is repeating. 22 DOM is still very low.
This is good news for real estate investors who own Colorado Springs rental home--because it is harder for potential buyers to put a successful bid on a home, more people will need to rent, meaning your rental property will stay rented!
Year-to-Date (YTD) Total Homes Sold
July 2018: 1,592 homes sold
July 2017: 1,645 homes sold
Result: The number of homes sold Year-to-Date is lower than last year at this time, but is still good.
July 2018 Colorado Springs Real Estate Statistics: The price of a residential home in the Colorado Springs region is still high, at $310,000. Since less people can afford that down payment, less homes (2,279) are on the market, and sell quickly (22 days). This means there ismore demand for Colorado Springs rentals!
If you think it may be too hard to rent out your home in Colorado Springs, think again! Our property managers are experts, guiding you through the process every step of the way.
Call All Seasons today to find out how you can make money by offering your Colorado Springs investment property as a rental. (719) 632-3368
