Bottom Line Up Front (BLUF):
-The Median Home Price in Colorado Springs jumped 6.3% from February of last year ($240k to $255k).
-Inventory seems to have leveled off and should increase as we enter the spring and summer selling season. But still, our seasonally adjusted inventory is at record lows.
– Sellers are getting near asking price and in some areas of town over 100% of list price
Key Statistics: List Price/Sold Price: 99.7% (slight increase from last month) Median Sales Price: $255,000 (6.3% increase from February 2016) Average Time on Market: 41 days (60 days in January 2016)
The above post “Colorado Springs Market Report – February 2017” was provided by Kevin Guerrero of Keller Williams Clients’ Choice Realty. To find out more about Kevin and Keller Williams check out the ABOUT US page. To get a complimentary home valuation click HERE.