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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 January 2017

Posted By Nancy Murray @ Feb 8th 2017 9:15pm In: Market Report for Colorado Springs

Colorado Springs MLS Market Update for January 2017

By Murray & Associates - Keller Williams Colorado Springs

Colorado Springs Homes for Sale

Inventory is sdown 30% from one year ago while sales are up 6.5%.  This is resulting in a decrease in days on market to 1.5 months of inventory and nearly 12% increase in Average sales price and 11% 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. In our office we have started marketing our listings to other agents in the office before going active allowing our fellow agents to help us sell our listings while helping their buyers find a nice property without the heavy competition. This is proving to be a very successful strategy for our buyers and sellers.

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 are up 15% over one year ago. Home builders are struggling to keep up with the demand. It is rare to find a completed spec home available in today's market.

Colorado Springs New Home Starts

Search new homes or new construction in District 20.

Academy School District 20 Real Estate Market Report

To find out what your home is worth, request a complimentary market analysis for your Colorado Springs home.

By Nancy Murray

Murray & Associates, Keller Williams Colorado Springs

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