The Colorado Springs housing market is hot right now. The area is seeing the strongest seller’s market it has seen in quite some time. Maybe even ever. Colorado itself has become very popular as of late. Anyone can see the rise in popularity in pop culture references and media. For various reasons Colorado is both appealing to millenials and families combined. If the Colorado Springs market is hot. The Denver market is s a burning powder keg in the middle of an active volcano. According to a report by Zillow home values have went up 4.6%. Many Realtors in the area have stated they feel this number is low. It comes in comparison to Denver’s home value number that has risen 13.7%. Given the natural beauty of the area it is no wonder why anyone would love tomove to Colorado Springs, or Denver for that matter. In Colorado Springs it seems as though it has been picking up, and does not show signs of slowing down anytime soon. According to PPAR housing statistics the average days on the market for January in 2015 was 106 days as opposed to 60 average days on the market for January in 2016. Zillow also predicts to see a 3.5% increase on home values in Colorado Springs within the next year. The result of low inventory has lead to prices of homes being driven up, and often a multiple offer bidding war situation. This is all great news for REALTORS® and people selling their home. It does however put a strain on the home buyer. It certainly will be interesting to see what happens over the next year in Colorado. 

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