"Our local real estate market seems to be speeding up and slowing down at the same time. We had 4% fewer homes sold this May, in comparison to last year. We also had an 11.7% Median Home Price increase over last year. Sales are slowing while home prices are still rising. As the market starts to heat up for Summer, there will be many multiple-offer situations and crazy competition from other home buyers." - GCH
May 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 a $317,250. Since less people can afford that down payment, less homes (2,664) are on the market, and sell quickly (22 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
Sales price of single family home according to the PPAR
Median for May 2018: $317,250 Median for May 2017: $280,000 Result: The median sales price of a home is still going up, $37,250 from last year at this time! 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
May 2018: 22 days May 2017: 30 days Result: The average Days on Market is down 8 days from last year, showing we're in a hot selling month. This is good news for real estate investors who own Colorado Springs rental home--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
May 2018: 5967 homes sold May 2017: 5896 homes sold Result: The number of homes sold Year-to-Date is up 71 homes from last year, still a good upward trend.
May 2018 Colorado Springs Real Estate Statistics: The price of a residential home in the Colorado Springs region is still climbing, now at an average price a $317,250. Since less people can afford that down payment, less homes (2,664) are on the market, and sell quickly (22 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
