Colorado Springs 80911 Market Update: Strong Seller's Market with Concessions Trend

The real estate market in Colorado Springs (ZIP Code 80911) remains active and competitive as we head deeper into March 2025. The Median List Price holds steady at $415,000, and the Market Action Index (MAI) has risen to 46, indicating a strong seller’s market.

📈 Inventory Update:
Last week, there were 70 active listings in 80911, but this week inventory jumped to 82 listings, with even more homes projected to hit the market this weekend.

🔔 What’s Happening Behind the Numbers?

I recently had a home in 80911 appraise, and the appraisal report revealed that 33 homes sold in the past 12 months all included seller concessions. These concessions often helped buyers with closing costs or were used to temporarily buy down their mortgage rates. This shows a pattern where sellers, despite the strong market, are still offering financial incentives to assist buyers.

🏠 Key Stats:

• Median List Price: $415,000
• Median Rent: $2,085
• Inventory: Increased from 70 to 82 (more coming soon)
• Price Per Sq. Ft.: $212
• Median DOM: 39 days
• Market Action Index: 46 (Seller’s Market)

📊 Market Segments Breakdown

1. $484,349 | 2,695 Sq. Ft. | 5 Bed | 3 Bath | Avg. DOM: 31
2. $437,000 | 2,167 Sq. Ft. | 4 Bed | 2.5 Bath | Avg. DOM: 59
3. $389,900 | 1,767 Sq. Ft. | 4 Bed | 2 Bath | Avg. DOM: 35
4. $330,000 | 1,364 Sq. Ft. | 3 Bed | 1.5 Bath | Avg. DOM: 28

💡 Insight:

Even with a tight market and rising prices, the presence of widespread concessions suggests buyers still have some leverage. Sellers should stay competitive by being strategic about how and when to offer concessions.

📣 Let’s discuss how these trends could affect your next move in 80911! Whether buying or selling, I’m here to guide you through today’s unique market.