It’s not a typical year for anyone in the US, but Colorado Springs real estate is still doing good. Average sales price in Colorado Springs increased by 1.3% up +$5,003.00 for April 2020.
The real thing to think about is how many new listings (new available homes) are coming on to the Colorado Springs real estate market. The short answer is not enough. With low levels of supply and with slightly lower but still very strong demand, the current situation will hold home prices up for the time being.
Buying right now could be a bit more challenging, with less homes comes more competition for those homes.
Selling right now could yield you significantly more money, with less time on the market.
Bottom Line
The COVD-19 pandemic has not slowed the Colorado Springs real estate market down much. We continue to anticipate a continued increase in average sales price with low levels of inventory (homes for sale). Selling right now you should have no problem, buying on the other hand you’ll be up against more competition from other buyers.
Thinking of Selling you Colorado Springs home? Get a free home valuation today CLICK HERE
More Resources
- Home Buying: Do You Know The Lingo?
- 3 Things to look for when buying a home in Colorado Springs
- Is Now A Good Time To Refinance My Home
- What You Can Do To Keep Your Dream Of Homeownership Moving Forward
Contact Us! Venterra Real Estate is passionate about Real Estate and helping our community in and around Colorado Springs!
Search Homes Here – Colorado Springs Homes For Sale