Selling a Home in Colorado Springs Insights
Dear Sellers,
As you finish wrapping up the year, take heart in the December 2023 statistics that paint a promising picture for those looking to sell their homes in Colorado Springs. While showings dipped slightly, this can be seen as a natural ebb in the market during the festive season, providing an opportunity for your property to stand out amidst a more curated selection. With the inventory dwindling by over 21%, the supply-demand balance tilts in your favor, creating a winter wonderland of opportunities for your home to shine. The listing to sold price ratio reaching 100.6% is a testament to the market's generosity, ensuring you receive a substantial return on your investment. Although the average days on the market have increased, remember that quality often takes time, and buyers are taking the necessary moments to envision a future in your cherished space. Embrace the patience, for it yields a fruitful reward.
Furthermore, the slight dip in the average sold price can be viewed as a seasonal adjustment rather than a cause for concern. As we traverse into the New Year, armed with these insights, consider it a golden opportunity to close deals that align with your expectations. So, let the fireplace roar, and let the potential buyers be enchanted by the warmth and charm your home exudes. Cheers to a prosperous 2024 in your real estate endeavors! š”š
Wishing all the best for 2024,
Sarah McGarry
December 2023 Market Snapshot | Buying a Home in Colorado Springs
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