On February 1st, 2017... If you are searching for 3 bedrooms, 2 bathrooms, 2 car garage home under $400,000.00. You have only 499 Single Family homes to choose from in the entire Pikes Peak MLS system. In the last 90 days 1863 homes have sold in this range. If you are a renter looking for a home under $2000 per month, there are only 79 rentals available. In the last 90 days 314 homes were rented.
The inventory here in Colorado Springs and along the Front Range is at an all-time low. I had clients who were to buy a new home in north Denver and the builder said it would be December 2018 before they could get a home ready. That’s a 2 year wait with an escalating price. Not good!
To all of you, if you are thinking of selling, please let us know. If you are wanting to buy UP it’s a good time as inventory improves, especially above $350,000. We are here and ready!