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Colorado Springs Area Ranked one of America's 20 Hottest Markets for Real Estate in September 2017

Friday, September 29, 2017   /   by Barbara Schlinker

Colorado Springs Area Ranked one of America's 20 Hottest Markets for Real Estate in September 2017

We've officially closed the books on summer, and the flurry of back-to-school sales and the Facebook posts featuring freshly scrubbed kids awkwardly posing for their big return to classes have finally subsided. So as September draws to a close, we're taking a look back at this transitional month through the lens of our own realtor.com® data—all the better to take a snapshot of what the housing market across the country is like today.

Turns out, the picture isn't a pretty one for many home buyers.

As the supply of homes for sale continues to decline year over year, homes are selling ever faster, and for ever-higher prices. Homes for sale are down by 14% from a year ago (when there was already a considerable decline in inventory from the year before).

The median time on market for properties in the local Pikes Peak MLS system in August is 24 days—meaning they're selling 4 days faster than this time last year. And that's with a median list price of $282,750, which is 7% higher than one year ago!

In such a tight market, buyers must have their financing ready to go and be prepared to face competition on their offers. Buyers winning bids on competing offers hire great agents that know how to position their financing and offers to get the home of their dreams.

Meanwhile, the effects of hurricanes Harvey and Irma reversed earlier gains in Miami and Houston's markets, Hale said: "Views per listing in those markets now show declines from a year ago, while just last month, they showed double-digit increases. Recovery will come to those housing markets, but it will take some time.”

There are quite a few markets, though, where "recovery" is far from being a problem. We took a look at the metro markets where buying and selling activity is still buzzing—where homes are selling fast and buyers are clicking up a storm on online listings. And for the first time since February, our monthly roundup of the hottest markets for real estate has a new champion! Is change in the air?

The hot list

Rank (September)

20 Hottest Markets

Rank (August)

Rank Change

1

San Jose, CA

2

1

2

San Francisco, CA

3

1

3

Vallejo, CA

1

-2

4

Fort Wayne, IN

7

3

5

San Diego, CA

9

4

6

Stockton, CA

5

-1

7

Santa Rosa, CA

14

7

8

Sacramento, CA

10

2

9

Modesto, CA

12

3

10

Detroit, MI

4

-6

11

Columbus, OH

8

-3

12

Dallas, TX

11

-1

13

Denver, CO

18

5

14

Oxnard, CA

19

5

15

Fresno, CA

15

0

16

Nashville, TN

20

4

17

Boise-City, ID

23

6

18

Colorado Springs, CO

17

-1

19

Boston, MA

26

7

20

Los Angeles, CA

28

8


About the Author:
Barb Schlinker, Broker/Owner of Parker St Claire Realty, Ranked in the top 1% of Real Estate Agents in the Nation by the Wall Street Journal.

Parker St. Claire Realty
Barbara Schlinker
7660 Goddard St, Suite 213
Colorado Springs, CO 80920
877-457-5544

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