Market Report for Karri Wanless

Page 1

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Colorado Springs, CO

This week the median list price for Colorado Springs, CO is $518,500 with the market action index hovering around 94. This is an increase over last month's market action index of 89. Inventory has increased to 323.

Real-Time Market Profile Median List Price

$518,500

Market Action Index

Median Price of New Listings

$469,450

This answers “How’s the Market?” by comparing rate of sales versus

Per Square Foot

$249

Average Days on Market

51

Median Days on Market

7

Price Decreased

15%

Price Increased

10%

Relisted

3%

Inventory

323

Median Rent

$2,228

Market Action

94

inventory. 50

40

Buyer's Market

60

Seller's Market

70

100

10 0

on

94

90

M

ay Tod th

Las t

80

20

30

Strong Seller's Market Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Strong Seller's Market

Market Segments Each segment below represents approximately 25% of the market ordered by price. Median Price

Sq. Ft.

Lot Size

Beds

Bath

Age

New

Absorbed

DOM

$1,204,500

4,154

0.5 - 1 acre

5

4

6

22

11

35

$669,600

3,334

6,500 - 8,000 sqft

4

3

2

22

29

14

$474,086

1,862

4,500 - 6,500 sqft

3

2.5

1

43

29

0

$400,000

1,600

6,500 - 8,000 sqft

3

2

50

55

46

0

Fri Apr 15 2022

2 of 6


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