August 13, 2018

Home demand far exceeds supply in Colorado Springs

COLORADO SPRINGS — The supply of single-family homes for sales in Colorado Springs has dropped to levels not seen in a quarter century, according to a report in Gazette.

The Gazette reported that Pikes Peak Association of Realtors data showed that homes for sale in February were the lowest in the past 25 years. Supply increased by July, which is historically one of the months when listings are high, yet this year the supply was just over half of what the market normally experiences.

The low supply means sellers, especially in the most affordable price ranges, can expect to receive multiple bids of several thousands of dollars more than their asking prices.

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COLORADO SPRINGS — The supply of single-family homes for sales in Colorado Springs has dropped to levels not seen in a quarter century, according to a report in Gazette.

The Gazette reported that Pikes Peak Association of Realtors data showed that homes for sale in February were the lowest in the past 25 years. Supply increased by July, which is historically one of the months when listings are high, yet this year the supply was just over half of what the market normally experiences.

The low supply means sellers, especially in the most…

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