In February, the Colorado Springs market experienced an uptick in buying and selling activity despite our ongoing low inventory. Well-prepared and appropriately priced listings saw swift movement, while home prices and buyer demand remained robust. With a Month of Inventory standing at just three months, indicating a seller’s Market, the real estate landscape remains favorable for sellers. As the spring market kicks in, we expect more sellers to list their homes, providing potential buyers a greater chance to make offers and negotiate. However, competition may arise, particularly in lower price ranges. For sellers, successful listings require careful preparation and an effective, pre-pandemic strategy. It’s essential to recognize that every buyer and seller is unique, and getting ready can vary from days to weeks or even months. Therefore, starting the process sooner rather than later increases the likelihood of achieving your goals. Text, call, or email me at 719-963-6582 or tanya@parkavehomes.net.
