Bottom Line Up Front (BLUF):
-The Median Home Price in Colorado Springs jumped 6.9% from May of last year ($262K to $280K).
-Inventory inched up but is hardly keeping up with demand
-Sellers are getting (on average) full asking price across the board
List Price/Sold Price: 100.6% (third month in a row over 100%)
Median Sales Price: $280K (6.9% increase from May 2016)
Average Time on Market: 30 days (35 days in May 2016)
The above post “Colorado Springs Market Report – May 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.