If you are thinking about selling your house in the near future, you might be interested in what the real estate market has done recently. It is true that Colorado Springs continues to be a popular place to live, which is why housing prices in the area are higher than they are in many other parts of the country. At the same time, you need to learn more about what the trajectory of the real estate market has been like recently.
What are a few of the most important housing trends you need to keep in mind? Take a look at a few important points below, and do not hesitate to reach out to an expert who can help you.
Housing Prices Are Starting to Drop
First, even though it is true that housing prices have gone up significantly over the past couple of years, particularly in Colorado Springs, it appears that housing prices are beginning to fall. For example, when compared to the same month last year, the average value of a house in Colorado Springs has dropped by about 7%. The same is true of the average price per square foot, as that has come down to around $205 per square foot.
It is difficult to predict what the housing market is going to do in the future, but if housing prices continue to fall, now might be the best time to sell your house, as you might be able to get more money for it now than in the future.
Houses Are Spending More Time on the Market
Of course, it should come as no surprise that houses are also spending more time on the market before they are sold. On average, houses in Colorado Springs are sitting on the market for 52 days before they are under contract. One of the biggest reasons why this might be happening is that mortgage rates are going up, which is making it harder for the average person to afford a house.
If you do not want to spend a lot of time waiting to get an offer on your house, you may want to reach out to a cash home buyer who can provide you with an offer for your house today.
Housing Prices Remain Higher Than the National Average
Even though it is true that housing prices are starting to come down, it is also true that the average value of a house in Colorado Springs is still significantly higher than the national average. When compared to the rest of the country, housing prices in the local area are approximately 9% higher than they are nationally. This means that purchasing a house in the local area can still be a valuable investment, but if you want to capitalize on that investment, you need to work with a cash home buyer.
Why Sell Your House to a Cash Home Buyer?
There are a few reasons why you should consider selling your house to a cash home buyer if you want to maximize its value. First, because a cash home buyer doesn’t have to work with a lender to finance the sale of the property, you should not have to spend as much money on closing expenses. Second, you can also get to the closing table faster because you don’t have to wait for offers to come in and you don’t have to wait for an appraisal. Finally, you also don’t have to worry about paying a real estate agent’s commission. So consider selling your house to Purple Mountain Holdings.
Maximize the Value of Your House With Purple Mountain Holdings
Because housing prices have begun to fall in the local area, you need to capitalize on the value of your house now. We are Purple Mountain Holdings, and we can provide you with a cash offer for your Colorado Springs house as quickly as possible. By working with us directly, you don’t have to worry about paying a real estate agent’s commission, and you don’t have to worry about as many closing expenses because we don’t have to work with a lender. How much money do you think we can give you for your house? Give us a call today or contact us online to get the process started.
