The Colorado Springs MLS trends data for October 2021 is now out, and this month is a repeat of the majority of the rest of this year. Home sale averages are up a little bit, with the median home price at $446K. The median appreciation is 16.3%, which is down a little bit compared to this time last year when it was in the 20s. However, 16% is still an extremely high appreciation rate. New listings dropped a little bit from last month; this stat is surprising given that we’ve had to be less competitive with our offers.
For anyone interested in investing in the Springs, patience and persistence are the best approach. Some investors may be disappointed with the lack of inventory, but on the flip side, competition is less aggressive.
- Listen to the podcast “#59: Colorado Springs Real Estate MLS Market Stats – October 2021” on the Colorado Springs Real Estate Investing Podcast
- Watch the YouTube video (at the bottom.)
- Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.
Colorado Springs Housing Trends October 2021
Much like Denver, the market is doing really well for sellers in Colorado Springs.
Showing per Active Listing Trends for Colorado Springs
Usually, seasonality would lead you to see a small reduction in activity. Instead, the Colorado Springs market saw a small increase. The market continues to be stronger than you’d historically expect.
Record Breaking Residential Building
Colorado Springs may soon be home to a 25-story residential tower–the tallest building in the city’s history. This is a pretty significant proposal that would signify a start to changing the city’s skyline. The current record-holder is only slightly shorter, but any time developers are competing to have the tallest building, it’s a sign that the city has a lot of growth ahead of it.
How to Get Started Building Your Own Colorado Springs Rental Portfolio
For information on how to get started investing in Colorado Springs, check out our free 2021 Colorado Springs Real Estate Investing Guide.