Cooler days are really starting to settle in and with it brings the almost predictable dips in the Real Estate Market. As Colorado Springs begins to see the Fall and Winter seasons approach, we’ll see less buyer activity as well.
The average number of days a property stays on the market is going to continue to climb slightly the colder the days become. You can see from the chart below that it’s already begun.
Even as temperatures decrease, we’re still seeing that happy increase in sales prices!
Our total sales numbers are still slightly up year over year, continuing the trend we’ve been seeing.
Overall, we’re still seeing a market recovery, with our average price going up around 4% and the interest rates staying steady. Our overall inventory is down a little, but we’re seeing new listings to the market everyday!