Bottom Line Up Front (BLUF):
-The Median Home Price in Colorado Springs jumped 11.9% from March of last year ($239.5k to $268k).
-Inventory inched up but is still hardly keeping up with demand
-Sellers are getting (on average) full asking price across the board
Key Statistics: List Price/Sold Price: 100% (slight increase from last month) Median Sales Price: $268K (11.9% increase from March 2016) Average Time on Market: 36 days (47 days in March 2016)
The above post “Colorado Springs Market Report – March 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.