Are Home Values Rising in Colorado Springs?

Colorado Springs Area Real Estate Podcast with Tiffany Lachnidt

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Today I have a real estate market update for the Colorado Springs area. I’ll be looking back on February of 2016 and analyzing what happened, as well as looking ahead to make some predictions about our local market.
So far in 2016, sales are up by 21% compared to last year at this same time. The number of unsold homes has dropped by 27.5%, which is good progress since last year. Overall, inventory is very low in the area.

Some good news is that pending home sales are up by 21%, and the average sale price increased by 8% since last year. The beauty of this market is that it is slow and steady. This is a good, healthy market!

If you’ve been thinking about selling your home, now is a great time to put it on the market. We need homes to sell! Inventory is low, and you can capitalize on this opportunity with a profitable home sale!
Please don’t hesitate to contact me with any questions you might have. We expect this spring to be a good one, so don’t miss out!