Bottom Line Up Front (BLUF):
-The Median Home Price in Colorado Springs continues to trend upward moving 10.7% higher than July of last year ($257,500 to $285,000)
-Inventory moved up slightly but is still not keeping up with demand
-July was the fifth month in a row where average list-to-sold price was over 100%
List Price/Sold Price: 100.3% (fifth month in a row over 100%)
Median Sales Price: $285K (10.7% increase from July 2016)
Average Time on Market: 22 days (28 days in July 2016)
The above post “Colorado Springs Market Report – July 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.