Market Watch report for Colorado Springs / El Paso County

By
Real Estate Broker/Owner with Colorado Real Estate Advisers LLC CO ER100025633

Here is the market watch data for the Pikes Peak Association of Realtors® for the last 7 days.

 

New Listing (344)   

Price Increase (63) 

Price Decrease (244)         

Back On Market (78)         

UC 1st Rgt - Showing (2)  

Under Contract - Showing (275)

UC Short Sale - Showing (3)        

Withdrawn (10)     

Pending (314)         

Sold (356)    

Leased (0)    

Cancelled (32)         

Expired (6)   

 

275 properties went under contract – showing and another 314 went pending for a total of 589.

 

356 properties closed.

 

With only 344 new listings, inventory levels remain very low.

 

63 sellers felt confident enough to raise their price while 244 sellers found they needed to lower their price.

 

As often happens in a hot market, properties can be quick to go under contract but then sometimes fall out of contract and end up back on the market. 78 properties came back on the market.

 

Choosing which property to buy in a hot market can be tricky. Buyers need to be working with a veteran broker who can educate them on the important differences between properties and help them with a strategy to get the house they want.

Posted by

David Gibson, 

Certified Negotiation Expert (CNE)

Broker / Owner Colorado Real Estate Advisers LLC

Independent Real Estate Broker

Colorado (License # ER100025633) and Texas (License # TX 499067)

Email: broker719@gmail.com

Phone: 719-304-4684

3326 Sand Flower Dr, Colorado Springs, CO 80920

I help my clients buy "A Better House at Lower Cost."

 

Sellers ~ I offer staging, professional photography, drone photography and videos. I'd like to send you a link to our listings so you get an idea how great your house can look.

 

Call or text me at 719-304-4684, or email me at broker719@gmail.com for more house choices and better deals.

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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

David

Nice summary of the key points about the real estate market in Colorado Springs. Anyone needing advice or help with buying or selling in the area should be in touch with you.

Jeff

May 19, 2016 04:54 AM #1
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David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation

Relocation, Luxury & Lifestyle residential
I welcome your questions here or call or text me at 719-304-4684
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