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

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

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

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 housing market in Colorado Springs. Her answers might surprise you. They surprised us.

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 getting your home ready, give our office manager, Sheila, a call at (719) 749-1788 and she’ll get you scheduled for a free estimate.

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