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June Colorado Springs Market Snapshot

June Colorado Springs Market Snapshot

July 17, 2024 By Park Avenue Properties Team

Good. For. You. Springs! While other markets along the Front Range saw a marked slowdown in June, we kept rolling strong! Our high buyer demand caused us to finish the month with fewer listings than in May. So naturally, the average sales price slightly bumped up. And when the Months of Inventory stat decreases, that signals sellers have more of an upper hand in negotiations. With the 4th of July in our rearview, there’s a good chance our market will soften, and our active home supply will grow steadily throughout the summer. So, buyers, this could be your moment to make a move. You have more options in a less competitive environment and greater negotiating power than in the last few years. Sellers, don’t be alarmed. As you can see from our average sales price, your chances of receiving your asking number remain excellent. A more balanced market benefits everyone. Text, call, or email me about all of your needs: 719-963-6582 or tanya@parkavehomes.net.

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