PCSing To Colorado Springs

09/11/2024

“If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.” — Sandy Dahl, wife of Flight 93 pilot Jason Dahl.

09/02/2024

Here is your Market Watch: In the last 7 days, 326 new listings have been added to the market, with 66 price increases and 479 PRICE DECREASES!!!

Here's my interpretation of the information: The current housing market in Colorado Springs seems to be cooling down or moving toward a buyer's market.

High Number of Price Decreases: There have been 479 price decreases compared to only 66 price increases, which suggests that sellers may be adjusting their expectations. This could mean that homes are staying on the market longer than expected, or that sellers are trying to entice buyers in a market where demand may be weakening or where there's increased competition among sellers.

New Listings Outpaced by Price Decreases: With 326 new listings and 479 price decreases, it seems that the market might have an oversupply of homes compared to current demand. This could result in more competitive pricing as sellers try to undercut each other to attract potential buyers.

Few Price Increases: The relatively small number of price increases (66) indicates that there are few situations where demand is strong enough to justify raising prices, which further suggests that the market is softening.

Overall, this data suggests that the Colorado Springs housing market may be moving away from the strong seller's market conditions seen in recent years. Buyers might find more opportunities to negotiate better prices, while sellers may need to be more strategic with pricing to attract offers.

Send me a message if you have any questions.

*Graph is from PPAR!

09/02/2024

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