The Colorado Springs Real Estate Market Is Heating Up

Colorado Springs Area Real Estate Podcast with Tiffany Lachnidt

Want to sell your Colorado Springs Home? Get a FREE home value report.

Want to buy a Colorado Springs Home? Search all homes for sale.

I know it sounds cliche, but the real estate market here in Colorado Springs is really heating up. I'll give a brief breakdown of what's happening in order to show you.

• There are currently 2,346 active homes in El Paso County.
• Last March there were 839 homes sold, and I expect that number to grow this year.
• This means we will sell over 1/3 of our active inventory.
• If you're thinking of selling, now is a great time to do so. We're seeing lots of multiple offer situations.
• We had a home last week that had nine offers in 24 hours!
• Low interest rates and high affordability will likely draw a lot more buyers to our market, so if you're looking to sell, you could be in a profitable position.
• If you're buying, you can expect some competition, so get pre-approved and be ready to purchase when you find a good home.
  

Hopefully you can use this information to your advantage this spring. There is going to be a lot of activity on the market, so prepare to make moves quickly if you decide to buy or sell in Colorado Springs.

As always, please refer to me with any questions you might have about real estate in Colorado Springs.