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.
SPONSORED CONTENT
Business Cares: March 2024
WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.
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…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!