December Market Report with the MacGuire Team
The real estate industry is ever changing, especially in the Colorado Springs area. That's why we feel it's essential to share with you a monthly market report to provide a general understanding of the local real estate market conditions in El Paso County, Colorado. We’re sharing with you a market insight of what December looked like and how it may affect you if you are planning on buying a Colorado Springs home . Lower Average Days On Market As of December, we saw a lower average of inventory sitting just 40 days on the market, compared to the historically recorded 69 days. This means homes are selling more quickly. 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 December have been just a hair under listing prices, holding steady at 99.9%. The historical average is 9...