Monday, November 3, 2014

Will the Shifting Real Estate Market Provide an Opportunity for You to Sell?

The Colorado Springs real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Colorado Springs area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 719.593.SOLD (7653).

Everyone's always asking us, "How's the market doing?" Luckily, Colorado Springs hasn't seen the volatile swings in home prices that many other areas have in the past few years. However, we have had a few subtle shifts that affect people's ability to buy and sell. So, is now a good time to enter the market? 

Whether market conditions are favorable is dependent on supply and demand. When you have a high supply of something, people will start cutting prices in order to raise value. That's what we were seeing here in Colorado Springs in 2007, as we had over 7,000 homes on the market. Now, however, that number has fallen to 3,800 available homes. Additionally, this is the fifth month in a row that over 1,000 homes have sold! This is great news, as we haven't seen such an active market since before the market crash.

Overall, we have a very healthy market. Sellers: if you price your home right, make sure it's in good condition, and hire someone who knows how to attract buyers, you will sell it quick and for great value. Buyers are also in good shape - interest rates are still at historic lows, which means you could save hundreds of dollars a month by buying instead of renting.

If you would like a more detailed look at our market, feel free to call or email us at any time. We would love to help you make the most of this healthy market!