"In December, Colorado Springs dazzled with an increase in active listings, rising to 2,162, marking an impressive year-over-year surge of 16.8%. This growth significantly outperformed the national increase of 12.1%, showcasing a vibrant expansion in the local market. Moreover, the city welcomed 532 newly listed homes, representing a notable 12.7% rise over the previous year, against a national decline of 1.8%. This influx in both active and new listings suggested a rapidly growing inventory, offering a wealth of choices for potential homebuyers."
"Despite the burgeoning inventory, Colorado Springs experienced a slight drop in its median listing price, which decreased by 1.7% year-over-year to $450,000. This reduction was more pronounced than the national decrease of 0.6%. Additionally, the share of homes with price reductions saw a modest increase of 0.4 percentage points to 17.7%, surpassing the national average of 12.9%. These adjustments reflected sellers' responsiveness to the evolving market landscape, creating enticing opportunities for buyers."
Colorado Springs saw active listings rise to 2,162 in December, a 16.8% year-over-year increase that outpaced the national 12.1% gain. Newly listed homes totaled 532, up 12.7% year-over-year versus a national decline of 1.8%, signaling rapidly growing inventory and more buyer choices. Median listing price dipped 1.7% year-over-year to $450,000, larger than the national 0.6% decrease. The share of homes with price reductions rose 0.4 percentage points to 17.7%, above the national 12.9%. Median days on market extended to 75 days, a 5.7% increase, indicating a slower sales pace and more decision time for buyers.
#colorado-springs-real-estate #active-listings-increase #median-listing-price-decrease #longer-days-on-market
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