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The numbers are in for June, so we wanted to give you a midsummer market update for the Colorado Springs area.

Our market continues to get hotter here in CO Springs. We closed 1,651 units in June, which was a record month for us, up a whopping 17.8% from last year. Pending sales are up by 15.8% as well. These record sales numbers have led to a shortage of inventory. We only have around 2,634 homes available for sale now, or just a little more than what we sold last month.

The average home sale price is up to $294,000, a 5.6% increase from last year. If you’re a homeowner, it’s very possible that your home has at least increased in value by this much in the last year. If you’d like, I would be happy to provide you with a free market analysis for your property.

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 We need homes for sale in Colorado Springs.
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We need homes for sale in Colorado Springs. Demand is sky-high and will continue to be as long as interest rates stay as low as they are. This might be a great time to get your home listed and sold in a hot market while also being able to capitalize on those low interest rates.

We’re also finding out it’s not okay to slack off as a professional agent in this market. Marketing, staging, photography, and pricing are all keys to getting your home sold for top dollar. Homes that do not have all these areas covered are continuing to sit on the market.

If you have any questions for us or know someone who does, give us a call or send us an email. We would be happy to answer them.