Bottom Line Up Front (BLUF):
-The Median Home Price in Colorado Springs continues its upward trend moving 8.7% higher than June of last year ($262,500 to $285,250)
-Inventory moved up slightly but is still not keeping up with demand
-June was the fourth month in a row where average list-to-sold price was over 100%
List Price/Sold Price: 100.4% (fourth month in a row over 100%)
Median Sales Price: $285K (8.7% increase from June 2016)
Average Time on Market: 26 days (31 days in June 2016)
The above post “Colorado Springs Market Report – June 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.