Colorado Springs, CO home prices and housing market

In Colorado Springs, nearly a third of all homes for sale have already cut their asking price. If you are thinking about selling this year, that number should shape how you price from day one. Here is the backdrop. The typical home in Colorado Springs is worth about four hundred thirty-one thousand dollars, down roughly one and a half percent over the past year. Not a crash, but values are drifting down, not up. Meanwhile, sellers have a lot of competition, with about three thousand homes for sale and nearly a thousand new listings hitting the market just this month. And homes are moving slowly, taking about fifty seven days to go under contract. But here is the number that explains everything else. The median asking price is about four hundred fifty-one thousand dollars, roughly twenty thousand dollars above what the typical home is actually worth. Sellers are aiming high into a crowded market, buyers are in no hurry, and about 32 percent of listings end up cutting price to close the gap. So the play here is simple. Price at what your home is worth today, not what you hoped for, or expect to sit for two months and then cut anyway. Find out what your home is really worth with a free estimate at Home Value Pros dot com.