🏡 Market Update: More Homes for Sale in Colorado Springs – What It Means for Sellers 🏘️
The current housing market in Colorado Springs is offering more choices for buyers, with over 3,000 residential properties available – the highest inventory we’ve seen since 2014. But what does this mean for sellers? Let’s break it down. 📊
🏃♂️ Homes Are Selling Quickly – If Priced Right
Even with more homes on the market, well-priced and well-maintained properties can still sell quickly. In fact, 25% of the homes that closed in September were on the market for a week or less. 🗓️ Pricing your home correctly from the start is key to making a fast sale.
💸 Pricing Strategy Makes a Big Difference
The data from September shows that just over 50% of closed sales didn’t need a price reduction. These homes sold for 99.1% of their original asking price, with a median of just 19 days on the market. ⏳
However, the story changes for homes that had to lower their price. 🏷️ Nearly half of the homes sold in September required a price reduction to attract buyers. These properties sold for an average of 93.7% of their original asking price and took a median of 71 days to close. 🕰️
🔍 What This Means for Sellers
With more inventory on the market, setting the right price from the beginning is more important than ever. If you’re considering selling your home, I can help you navigate these market dynamics to get the best possible outcome. 💼
Let's make your home stand out in this competitive market! 🌟
For more information or to schedule a consultation, reach out to Nicole Strom:
About the Author
Nicole Strom
Nicole is a mom, grandma, a retired military spouse of over 25 years, as well as a full time Real Estate Professional serving her clients in and around Colorado Springs.
You need a REALTOR® with vast experience and knowledge of our specific market. You need a REALTOR® that genuinely cares about you and puts your needs first. You need a REALTOR® you can trust. Nicole is that REALTOR®.
