Weekly Market Update September 23, 2020
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Here is what’s happening for Real Estate in Colorado Springs for the week ending on September 20, 2020!

Homes under contract:

390

Homes go to closing:

437

We are heading into the winter months, but our market is still very healthy! Interest rates are at an ALL-TIME LOW!  Now is the time to purchase your home with payments lower than most rentals and we offer all our buyers a rebate, which puts cash back in your pocket!

So why do homes stay on the market longer than others or reduce their price?  Here in Colorado Springs, a home on the market longer than 3-4 weeks is a long time.  The housing inventory just moves very quickly because there is a lot of demand for them.  If your are selling your home and you aren’t getting the offers you were hoping to get, you may need to request a fair and accurate market analysis to see if your home is priced right.  Many people are hoping to demand top-dollar for their home, and though many get it, if your home is over-priced, it could really limit the people who would be willing to even look at your home, and thus limiting potential offers.  If you aren’t sure if you have received a fair market analysis, give us a call.  We have been experts with the Colorado Springs market for over 17 years and we will be happy to help.

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