Colorado Springs Market Report – November 2016

Kevin Guerrero
Published on December 3, 2016

Colorado Springs Market Report – November 2016

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Bottom Line Up Front (BLUF):

  • Home sales are slowing somewhat and inventory continues to decrease as we enter the winter months…still, there were 47% more homes sold in November 2016 as the same time last year
  • Inventory remains relatively low…there were 26% fewer homes on the market than November 2015, and the trend is moving downward
  • Interest rates are starting to move up, but from a historic perspective, still very low…that combined with rising rents are keeping buyers interested in the market

Key Statistics:

  • List Price/Sold Price: 99.2% (same as last month
  • Median Sales Price: $256,566 (8.3% increase from November 2015)
  • Average Time on Market: 39 days (59 days in November 2015)

Market Report November 2016

 

About the author:  The above post “Colorado Springs Market Report – November 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.

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Colorado Springs Market Report – November 2016
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