Colorado Springs Real Estate

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 March 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 March, we still saw a lower average of inventory sitting just 36 days on the market, compared to the historically recorded 67 days. Because of a lack of inventory, homes are selling more quickly, leaving the market looking pretty bare. Now we are seeing a slight 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 March hav...

We're onto another month in the real estate world, and with a new month means new local real estate market conditions in El Paso County, Colorado. Check out the market insights of what January looked like and how it may affect you if you are planning on  buying a Colorado Springs home . Average Days On Market As of January, we saw a lower average of inventory sitting just 46 days on the market, compared to the historically recorded 67 days. This means homes are selling more quickly historically, but compared to last month, about a week longer on the market. 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 January have been just a hair under listing prices, averaging at 99.2%. The historical average is 98.3% for the El Paso County area within this time of year. Inventory bei...

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...

We love helping first-time homebuyers navigate the realm of real estate just as much as we love helping buyers get back in when they’re ready to buy something that better suits their needs. 2019 is going to be a whole new ballgame because while we have plenty of buyers, finding homes for them was a bit challenging in 2018. We’re sharing with you a market insight of what the last month looked like in real estate and how it may affect you if you are planning on buying a Colorado Springs home . Home Prices On the Rise Comparing November 2017 to November 2018, we've seen an 8% increase in average sales price this year. Home prices are expected to rise through 2019. Many are predicting that it will be slower this year than last. If you’re wanting to buy a home, NOW is the time to start looking. It may take some time to find what you’re looking for, so you’ll want to have your finger on the pulse early. When you’re ideal home pops up, you’ll want to have everything in order already...