June 2018 Colorado Springs Real Estate Statistics:
The price of a residential home in the Colorado Springs region is still climbing, now at a median price of almost $325,000. Since less people can afford that down payment, less homes (2,159) are on the market, and sell quickly (21 days), this means there is more demand for Colorado Springs rentals!
If you think it's too hard to rent out your home in Colorado Springs, think again! We can guide 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 June 2018: $324,750
Median for June 2017: $285,250
Result: 12.2% is a lot of money when you're talking about the price of a home, and that's how much homes are up since last year. This means there are less people who can afford to buy, meaning more people want to rent homes. Rental home availability is very low, so if you have an investment property you'd 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!
Average Days on Market
June 2018: 21 days
June 2017: 26 days
Result: The average Days on Market is still dropping. This is good news for real estate investors who own Colorado Springs rental homes--because it's harder to put a successful bid in on a home, more people will need to rent, meaning your rental property will stay rented!
Year-to-Date (YTD) Total Homes Sold
June 2018: 7,704 homes sold
June 2017: 7,638 homes sold
Result: The number of homes sold Year-to-Date is up 66 homes from last year, still a good upward trend, though lower than last month.
The Pikes Peak Association of Realtors (PPAR): https://ppar.com/MarketTrends.aspx
June 2018 Colorado Springs Real Estate Statistics: The price of a residential home in the Colorado Springs region is still climbing, now at a median price of almost $325,000. Since less people can afford that down payment, less homes (2,159) are on the market, and sell quickly (21 days), this means there is more demand for Colorado Springs rentals!
If you think it's too hard to rent out your home in Colorado Springs, think again! We can guide 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
