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Monthly Archives: September 2020

    The Cost of a Home Is Far More Important than the Price

    By Phillip Martucci | September 22, 2020

    Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” In the Colorado Springs housing market, we... Read More

    How Low Inventory in Colorado Springs May Impact the Housing Market This Fall

    By Phillip Martucci | September 17, 2020

    Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale in Colorado Springs. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low... Read More

    Colorado Springs Homebuyer Demand Is Far Above Last Year’s Pace

    By Phillip Martucci | September 9, 2020

    Home buying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Click here to see August 2020 Market Update for Colorado Springs. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find... Read More

    Colorado Springs August 2020 Housing Market Update

    By Phillip Martucci | September 9, 2020

    The housing market in Colorado Springs is stronger than ever. In August the average sales price increased by 1.7% from last month (July 2020). Comparing the average sales price in August 2019 to August 2020 the average sales price is up 17.3%. Listing inventory came down a bit to 0.6 months of active inventory. Comparing... Read More