Monthly Archives: September 2020
The Cost of a Home Is Far More Important than the Price
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
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
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
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