Bottom Line Up Front (BLUF):
-July 2016 ranked third all-time in monthly home sales (behind this June and May) for Colorado Springs
-Inventory remains relatively low
-The market is beginning to level off after a peak in June … we’ll likely see fewer sales in August and continuing as we enter the fall and winter as is normal
List Price/Sold Price: 99.8%
Median Sales Price: $257,500 (6% increase from July 2015)
Average Time on Market: 28 days (71 days in July 2015!)
About the author: The above post “Colorado Springs Market Report – July 2016” 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.