A recent report from the Pikes Peak Association of Realtors has found that Colorado Springs home inventory is at a historic low: “the number of single-family homes for sale in February stood at 1,228. Back in July, it was 2,360. In February of 2017, there were 1,344 available.”
Moreover, the prices for a home in the Pikes Peak region have continued to rise. Homes for sale in February 2018 are, on average, 13 percent higher than homes for sale in February 2017. According to a recent article published by The Gazette, only 53 percent of the Colorado Springs homes sold in February for $300,000 or less.
This is a result of many factors. For example, the short supply of new construction homes. It is also the result of homeowners sitting tight: many fear that if they sell, they may not be able to find or afford another home in the area.
At Woodleaf Realty, our experienced agents are focused on helping you sell your Colorado Springs home for top dollar (and in a timely manner).
We are also determined to help you purchase your next property—even in the current housing market. Our expertise and knowledge of the area, as well as market trends, sets our team apart, and our track record proves this.
If you’ve been holding off on listing your home or beginning your property search in Colorado Springs because of current market trends, we encourage you to give our team a call. We’d love to sit down with you over a cup of coffee (we love supporting local, and Colorado Springs is in no short supply of fantastic coffee shops!) and discuss your home ownership goals. Whether you want to downsize, move up, buy your first home, or find an investment property, we can help!
Don’t let the current market scare you.
While patience and strategic planning are required to navigate Colorado Springs’ sizzling market, our Woodleaf Agents are here to help make it a smooth and seamless process. Give us a call today!