December 2019 was a great month for real estate in Forest Meadows and The Trails!
Although sales were down, the average and median home prices were up. The average time on market was 22 days, so less than 3 weeks!
As of 1/2/2020, there are 8 pending homes for sale but none currently active.
The median home price for December 2019 was up 18.05% at $360,000 (year over year).
The average home price for December 2019 was up 15.15% at $365,479 (year over year).
167 homes were sold in Forest Meadows and The Trails during 2019.
The biggest issue facing the real estate market in Colorado Springs is the lack of inventory. To read more about this, visit: www.LivingColoradoSprings.com/market-conditions
If you are thinking of selling, NOW is the time. With the high demand and lack of inventory, buyers are scrambling to find homes. Please give us a call today for a FREE home valuation!
Rick Van Wieren (719) 331-7675
Mary Barkley (719) 421-9360