How to set a buying plan when choices are limited but homes are still moving
If you are trying to decide whether to start touring homes now in Northwest Colorado Springs, CO, I would not wait for perfect conditions. The rule I would use is this move forward with a tight plan, because recent supply was just 2.22 months.
Here is the constraint I plan around based on the previous 30 days 2.22 months of supply in Northwest Colorado Springs, CO. That is a limited selection environment, and it helps explain why this market was still classified as a seller's market recently. The practical impact is buyers need to separate needs from nice-to-haves before the first showing. A typical sale took 39 days last month, and recent offers landed at 99.8% of asking, so there is not much evidence here that low offers are the winning move. I recommend narrowing your search criteria before you tour, not after. Get clear on your top location and property features, compare current asking prices to the recent sold benchmark of $626,286, and be ready to act cleanly when a home fits. Some metrics were not reported for this period. What is reported still gives you a solid framework active homes carried a typical asking price of $595,000 last month, while newly pending homes were at $580,000. In Northwest Colorado Springs, CO, that tells me buyers who stay close to market expectations are the ones most likely to move from touring to contract without wasted time.
About Jennifer Persicke
Jennifer Persicke is a licensed Real Estate Professional affiliated with Persicke Homes, specializing in the Northwest Colorado Springs market. With a focus on strategic marketing and deep local knowledge, Jennifer Persicke provides clients with expert guidance in navigating complex real estate transactions. View full profile →