Local market statistics released by the Pikes Peak Association of REALTORS® (PPAR) for May 2019.
May 2019 Colorado Springs Real Estate Statistics: Although most statistics are down from last year, home prices continue to rise, making it harder than ever for buyers to be able to afford a mortgage.
This means that rental homes are in more demand than ever. 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 May 2019: $329,250
Median for May 2018: $317,250
Result: Up 3.8% percent from last year. Home values continue to rise in our community. Good news if you already own a home, but the increasing prices make it harder for home buyers to afford to buy.
Average Days on Market
May 2019: 25 days
May 2018: 21 days
Result: The days needed to sell your home in May is slightly up. Days on Market increased by 19%, or 4 days, from last year.
Year-to-Date (YTD) Total Homes Sold
May 2019: 5,932 homes sold
May 2018: 5,967 homes sold
Result: There are 35 less homes sold so far this year, down 0.6% from last year, a negligible difference.
May 2019 Colorado Springs Real Estate Statistics: Although most statistics are down from last year, home prices continue to rise, making it harder than ever for buyers to be able to afford a mortgage.
This means that rental homes are in more demand than ever. 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
