7 Key Insights on the Colorado Springs Housing Market, May 2019

We sat down with Vicki Westapher from RE/MAX Properties Inc. to ask her about what trends she’s noticing in the Colorado Springs housing market right now. Her answers may surprise you!

 

Key Insights

  1. It’s a very hot market right now… for sellers.
  2. The Springs is growing and limited inventory has driven prices up.
  3. Many sellers are pricing their homes as if everything is going to continue to climb aggressively.
  4. Some buyers are starting to sit back to avoid overpaying and putting themselves in a bad situation whenever they go to sell the home.
  5. Lower price points (under $350k) are a bidding frenzy right now.
  6. In the current market, 10 days is too long for your house to be on the market, so pricing it correctly is key to get the most traffic right away.
  7. Last year, the market fell off a cliff in July because inventory was going so quickly. Many buyers want to get their kids into a home well before school starts.

 

If you’re thinking about selling you home this year or next, here’s a checklist for you

 

If you could use some help with your home, give our office manager, Sheila, a call at (719) 749-1788 or click the orange button below.

Cody Binder

About Cody Binder

Customer Experience and Marketing Manager at Homefix in beautiful Colorado Springs, Colorado. Follower of Jesus. Family man. Colorado Texan. Slightly above average athlete.