February Market Snapshot with the MacGuire Team
Spring has finally sprung! The first portion of the year proved to be a bit on the slow side in real estate due to the historically low inventory available. But with a new month means new local real estate market conditions in El Paso County, Colorado. Check out the market insights of what February looked like and how it may affect you if you are planning on buying a Colorado Springs home . Average Days On Market As of February, we saw a lower average of inventory sitting just 43 days on the market, compared to the historically recorded 67 days. This means because there is a lack of inventory, homes are selling more quickly, leaving the market looking pretty bare. Low inventory tells us this quicker sell time could continue until the market sees a surge in available properties for sale. This is great news for the seller who's hoping to move their property quickly. Listing vs. Sales Prices Sales prices as of February have been just a hair under listing prices, averaging a