April Market Snapshot with the MacGuire Team
We're beginning to see a rise in the real estate market, which compared to the previous quarter 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 April looked like and how it may affect you if you are planning on selling or buying a Colorado Springs home . Average Days On Market As of April, we still saw a lower average of inventory sitting just 31 days on the market, compared to the historically recorded 67 days. Because of a lack of inventory, homes are still selling more quickly, leaving the market looking slimmer than last year. We are seeing an increase in inventory as we gain traction into the 2nd quarter. However, the 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 Ma...