First month since August 2020 that over 1,000 active homes were for sale, only a 16-day supply of homes. Because there aren’t many homes to choose from, buyers are offering over asking price, and bidding wars continue. Homes sold for 2.7% above asking price in August. Double-digit price increases continue, with a median sold price of $450,000, up 18.4% from last year. The average price dropped just below the $500k threshold at $499,278, up 14.5%.
Colorado Springs is still in a strong seller’s market. The inventory remains low, but shows improvement for the first time in months. The pandemic, lumber costs, and builder inventory have all put a huge strain on local home inventory.
Calling all Realtors!
Your clients are the lifeline of your real-estate business. They deserve to be cared for as if they were family. When it comes to property management, they deserve an honest and competent professional to manage their home. Thats what they’ll get from All County Colorado Springs – honest property management to protect their asset and maximize their ROI.When you refer your clients to us for property management, we tag your name to their account. That way we can refer them back to you when they are ready to sell.