Colorado Springs Real Estate MLS Market Stats – September 2021
The MLS trends data for September 2021 is out, and Chris and Jenny are reviewing it for both Denver and Colorado Springs. Low inventory coupled with low interest rates may make it hard to find an amazing deal, but trends are indicating it’s not as much of a seller’s market as it has been. Listen to the podcast to learn more about the data, as well as Your Castle’s Q3 multi family income trends.

The Colorado Springs MLS trends data for September 2021 is out.  New listings went down a bit compared to last month, but we’re still ahead of where we were this time last year.  Active listings are up to 961 compared to last month’s 844, which shows that things are staying on the market longer and providing a little more breathing room.  The average per unit price of multi family properties is up 27% compared to September 2020, and rent has gone up 22% since the start of the pandemic.  People are taking advantage of cheap debt and trading up into bigger assets.  

With inventory so low, it’s hard to find an amazing deal, so you have to adapt to what the market is giving you.  Right now, the market is giving you cheap debt, so that’s where you should pivot.

Three Learning Options!
  1. Listen to the podcast “#55: Colorado Springs Real Estate MLS Market Stats – September 2021” on the Colorado Springs Real Estate Investing Podcast
  2. Watch the YouTube video (at the bottom.)
  3. Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.

Key Takeaways from September 2021 vs. September 2020

  • Number of new listings continues to be higher than last year
  • Sales count this year is 10% ahead of last year, but September 2021 was really similar to September 2020.
  • Prices up 15% for homes and 20% for condos
  • Still at 0.3 MOI (months of inventory)

Source: The above executive summary is from Lon Welsh of Your Castle Real Estate.

Colorado Springs Housing Trends September 2021

Colorado Springs in September was pretty close to August performance.  At 10 showings per active listing, it was a bit above the historical average (around 7-8) but a bit below the super-heated performance in 2020 (11 showings).  About as expected and consistent with the impression that the market is gradually slowing down a little.

Normally the best time to list a house is in the spring, and the fall is a slower time (so it’s better for buyers).  This season that is true, but the slowdown is less than we’d historically expect.

Colorado Springs showings / active listings September 2021
Colorado Springs September 2021 real estate listings and sales
Colorado Springs September 2021 real estate total sales YTD
Colorado Springs September 2021 real estate total sales under contract
Colorado Springs September 2021 real estate average days on market
Colorado Springs September 2021 real estate listings average and median sales prices
Colorado Springs September 2021 real estate homes for sale
Colorado Springs September 2021 real estate new listings
Colorado Springs September 2021 real estate residential home sales

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.

YouTube Video

Denver and Colorado Springs Real Estate MLS Market Stats – September 2021

Analyze Before You Buy
Start Evaluating Properties Today with Our Free Toolkit
In a rapidly changing market, having the tools you need to help you analyze the data is critical. Know what the numbers will look like ahead of time so you don't buy a bad deal. Our toolkit is designed to help you thoroughly analyze any kind of deal so you can invest with confidence.
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Jenny Bayless
Jenny Bayless is an investor-friendly agent with Envision Advisors, Colorado real estate investor, and the host of the Colorado Springs Real Estate Investing podcast.
Similar Post You Might Also Like
Colorado Springs
Can You Boost Cash Flow by Mixing Rental Strategies?
Residential multifamily investors aren’t locked in to just one rental strategy. In Colorado Springs, investors Greg and Heather are combining
Deal Analysis - Denver
How This Investor Still Lives for Free
Jeff White joins us to analyze his 7th house hack—just one away from his ultimate goal of owning 8 properties!
Sign Up For Our Newsletter
What do you want to learn today?