Bottom Line Up Front (BLUF):
-Homes sales are slowing down but this has been accompanied by a corresponding drop in inventory.
-Inventory remains relatively low (sellers market)
-Low interest rates are keeping buyers interested
List Price/Sold Price: 99.6%
Median Sales Price: $264,000 (10% increase from September 2015)
Average Time on Market: 35 days (70 days in September 2015) … to give this even more context … 35 days in September this year is still almost half the time on market as during the peak summer months in 2015.
About the author: The above post “Colorado Springs Market Report – September 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.
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