As we begin 2021, it’s time to look back on the MLS statistics from this past December in our Colorado Springs real estate market.
There were 939 new listings, which isn’t a lot considering there were 1,376 home sales. Since we sold more homes than the number that hit the market, inventory is essentially evaporating before our eyes. The median sales price was $379,999, which is very close to what we saw in the previous four months. There were about 550 sales that took place near that price point, which was about half of all available inventory.
The average days on market was 19 days, which is a one-day drop compared to November and right in line with the 19-to-21 day average we’ve seen since May. The average list-to-sale price ratio is 101%, which is an obvious result of low inventory and people bidding over asking price to get the homes they want. Our team’s average list-to-sale price ratio is currently 103%, and we credit this to being strategic in how we place our listings. This allows us to maximize profit for our sellers.
If you’d like to know more about our Colorado Springs market or are interested in buying or selling a home in 2021, don’t hesitate to reach out to us. We’d love to help you.