The Colorado Springs real estate market continues to favor sellers. A shortage of current inventory and high buyer demand are pushing prices up. Read on for more info…
- Homes are selling a lot faster than this time last year. We’ve gone from 90 days on the market last April to only 36 days in April 2016.
- List Price-to-Sold Price was 99.8% this April. That’s even higher than last month.
- The number of active listings has gone down from this time last year reflecting low inventory while the number of sales has gone up reflecting the increased demand.
Here is the Colorado Springs Real Estate Market Report for April …
The biggest demand in the Colorado Springs Real Estate market is for homes $200K-$250K. In many areas of town we are at only 1 months inventory for homes in this price range. There’s lots of discussion about what is causing the shortage, but one thing is for sure, builders and sellers are not keeping up with buyer demand.
For more detail, check out the Pikes Peak Association of REALTORS®
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