No Signs of Slowing Down
The Colorado Springs market showed no signs of slowing down as we made it through the Thanksgiving holiday of 2021. Moderate temperatures added somewhat to the thriving real estate climate, but Buyer demand and lack of inventory were the dominant factors to keep sales brisk.
The average sales price increased seventeen percent from the same period last year to $505,610. Homes were on the market for an average of eleven days before they went under contract, but many were off the market within days of being listed.
Houses continued to sell above asking price, averaging almost two percent above list price. One of the most telling statistics is that there is only about a week of inventory currently in the Colorado Springs market. What that means is, if no new houses came on the market, there would be no available homes in just over a week.
If you’re thinking of buying or selling in the Colorado Springs market, call me today to find out how you might benefit. I have decades of experience to help you navigate the unusual market we find ourselves in.