We've been talking for months about the lack of inventory in the Denver metro market causing a fast moving, Seller's market. It appears from the latest market reports (and anecdotal evidence) that the market for Colorado Springs Homes is starting to catch up.
This week, the Colorado Springs Business Journal took notice:
The Colorado Springs residential real estate market has more than just rebounded. It’s on fire.
“This is probably the best market for selling a house in 12 years,” said Prudential Rocky Mountain Realtor Sylvia Jennings.
And she’s not the only one with that kind of news.
Local real estate agents are quick to share stories about 20 or more showings on a single property, multiple offers and making sales before properties even go up on the multiple listing service.
“If a buyer looks at a home and likes it and it’s priced correctly, they know they can’t just putz around,” said Joe Clement, broker owner of Re/Max Properties. “They have to make a move.”
And buyers need to be prepared to offer close to the asking price or even more, said Dominic DaSilva, broker owner of Sellstate Alliance Realty.
Again, just like the market for Denver homes, the driving force for this market rebound is the lack of available homes for buyers. The high demand and incredibly low supply continue to drive prices up.
If you're in the market for a Colorado Springs home, give us a call today so we can set you up on email alerts to ensure you don't miss the latest homes to hit the market. In this type of market, you have to be ready and able to move quickly. Remember, there are still some good deals on Colorado Springs foreclosures and short sales as well, but you nned to be working with an agent that knows the market.
You can reach our Colorado Springs team at 719-641-4209.