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Homes for sale were scarce in the Colorado Springs area last month, according to a new report by the Pikes Peak Association of Realtors. In December, just 530 homes were listed, the equivalent of less than a two-week supply, based on recent buying and selling trends.
Homes in Colorado Springs appreciated 11.3 percent in 2020 â ranking No. 5 nationwide in percentage increase in value. CaseyMartin / Shutterstock.com
On Jan. 4, only 341 single family detached homes in all price categories were for sale in El Paso County. Also listed that day were eight patio homes, 34 townhomes and 16 condos.
Harry Salzman, ERA Shields/Salzman Real Estate Services, pulled that data from the Colorado Multiple Listing Service.
In a county with a population currently estimated by the U.S. Census Bureau at more than 720,000, those figures reveal that homes are getting snapped up.
Another way to look at the local home market is months-supply data â the number of months it would take for current inventory on the market to sell, given the current pace.
A construction crew adds decorative brick work Tuesday to a home being built in the Bent Grass development in unincorporated Falcon, northeast of Colorado Springs. The local homebuilding industry enjoyed a banner year in 2020; nearly 4,500 permits were issued last year for the construction of single-family homes in El Paso County, the most since 2005. RICH LADEN, THE GAZETTE