Sunny Colorado weather, the grass is turning green, the flowers are starting to bloom, the smell of BBQ on the grill and of course the return of a hot real estate market!
Here are some local real estate stats for the month of April – it’s a year over year comparison for existing single-family home sales for Colorado Springs and El Paso County –
Take a look at the first line, Average Sold Price is up almost $30,000! The Average Days on Market (how quick on average a home stays on the market before going under contract) is 11 days quicker. So what’s going on here… it’s a supply/demand issue. With interest rates under 3.5%, many buyers are looking to purchase a home right now (yes we are showing homes right now, we can do it virtually or with a private appointment). Buyers can now escape high priced rents and build their own equity. Sellers are enjoying all the competition from buyers wanting to purchase their own homes. If you are thinking of selling your home, this is the time! We are using 3D tours and private showings to show homes to buyers who are required to wear masks when viewing properties. Text me if you have any questions on the market today Elizabeth Alexander, Pink Realty 719-337-7611 – I’m here to help.