We’re honored that you’ve stopped by to watch our real estate videos; our very first one seeks to answer this question: “Is the coronavirus negatively affecting the prices of homes here in the Colorado Springs area?” We can’t even begin to tell you how often we’ve received that question from family and friends—frankly, it’s an understandable concern. So, to address it, let’s dive right into the data!
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
0:50 - The interesting upward trend of our median sale price
1:26 - Has the number of total home sales and showings increased or decreased?
2:15 - Changes in the days on market year over year and overall inventory levels
3:10 - Is the average home selling for more than, less than, or right around its list price?
3:49 - The reality of multiple-offer scenarios in our market
4:44 - What can we expect for our market as we look toward the future?
5:25 - Highlights from a phone call with Mayor John Suthers
6:10 - Wrapping up today’s topic
If you have any questions about what was discussed in this message, or if you’re interested in buying or selling a home soon but aren’t sure how to proceed in these times, reach out to us. We’re always here to help, and we look forward to hearing from you—don’t forget to share this video with your friends and family!