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Nancy Murray, Realtor®
with Keller Williams Clients' Choice
Direct: 719-964-4810
Office: 719-357-6320
Fax: 866-748-9878
Email Nancy

Colorado Springs MLS Market Update for December 2016

Posted By Nancy Murray @ Jan 9th 2017 4:25pm In: Market Report for Colorado Springs

Colorado Springs MLS Market Update for December 2016

By Murray & Associates - Keller Williams Colorado Springs

Colorado Springs Homes for Sale

Inventory is still down 28% from one year ago while sales are up 11%.  This is resulting in a decrease in days on market to 1.2 months of inventory and 7% increase in Average sales price and 6% increase in median sales price. It is still a very hot market for sellers with multiple offers. Buyers are struggling to keep up with the activity and know that they need to move quickly when a nice property hits the market. Average list price to sales price in the District 20 market is 99.8%. Sellers are not negotiating "low ball" offers when their homes are in good condition. Buyers are being asked to submit their "best and final" offer with initial offer due to the increase in activity. Nice properties are frequently under contract in less than one week after entering the market. First time home buyers and VA buyers are often up against conventional buyers with more cash for down payment making it difficult for them to compete.

Colorado Springs Homes for Sale

New construction permits spiked in December with a 9% increase over November and 26% increase over one year ago. Home builders are struggling to keep up with the demand. It is rare to find a completed spec home available with today's market.

Colorado Springs New Home Starts

The market continues to be very active. Below are year over year trends for Colorado Springs MLS.  The number of sales are at a record high while the number of active listings is at record lows, resulting in a higher average sales price 100% of list price to sales price. There has never been a better time for homeowners to sell their Colorado Springs homes than right now!

Colorado Springs MLS

Colorado Springs MLS

Colorado Springs MLS

Colorado Springs MLS

Search new homes or new construction in District 20.

Academy School District 20 Real Estate Market Report

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By Nancy Murray

Murray & Associates, Keller Williams Colorado Springs

Nancy@academydistrict20homes.com

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