Wee are on par with May 2018 in terms of sales. Median and average sales price are the highest the city of Colorado Springs has ever seen.
We have lower listings than last year with prices up and inventory down now is the best Time in Colorado Springs to sell your house.
Despite all that we are seeing just over 1/5 of houses under $500,000 are reducing price.
Still a good time to buy.
Great time to sell because with low inventory and high prices your property will move fast/
While the market is hot, sales in general are down not because of a lack of demand but due to lack of supply. Despite lack of inventory average and median sales price are going up.
There is currently a 4.5 month shortage of supply needed to equalize the market. Average sales price is up with supply is down as days on market continue to decrease since the beginning of January 2019.
Ultimately it is a great time to list as supply is down and demand is up. We are seeing multiple offers across different price ranges.