July Market Snapshot with the MacGuire Team
We continue to see indicators of a strong real estate market, which is wonderful news! With a new month means new local real estate market conditions in El Paso County, Colorado. Check out the market insights of what June looked like and how it may affect you if you are planning on selling or buying a Colorado Springs home . Average Days On Market While inventory is increasing, the average days on the market is still very low at just 23 days, compared to the historically recorded 67 days. Because of the lack of inventory, and steady increase of motivated buyers, homes are still selling quickly. This is great news for the seller who's hoping to move their property quickly. Listing vs. Sales Prices We continue to see strong list price vs. sales price as sellers are receiving an incredible 100% of their asking price. The historical average is 96.3% for the El Paso County area within this time of year. Inventory being low is playing a factor in the listing vs sales prices bei...