“This isn’t March’s market,” says Cherise Selley. Indeed, the real estate market shift for single-family homes in the Colorado Springs area is finally changing to a degree that requires buyers and sellers to shift their strategy.

In this episode, Cherise and Judy lay out the statistical indicators of change, including the average sale price of a home in El Paso County for April 2022 and how it compares to March 2022 and April 2021. They discuss inventory, the average number of days on market, and the number of price reductions in the last seven days.

Most importantly, Cherise and Judy translate what these stats mean for buyers and sellers. What will buyers’ expectations be going forward? Will some sellers get in their own way with a mindset that’s “stuck back in February”? What new strategies will be most effective for sellers?

Podcast Highlights

0:00 – 0:28    Intro Judy Steenland and Cherise Selley

0:29 – 0:45    Everything is Happening in this Real Estate Market!

0:46 – 1:44    Real Estate Stats For April in El Paso County

1:45 – 2:55    Increased Inventory Stats for El Paso County

2:56 – 3:38    Price Reduction Stats for El Paso County

3:39 – 4:15    Days on the Market New Averages for El Paso County

4:16 – 4:54    Longer Days on the Market Means Be Intentional In Pricing

4:55 – 5:59    Sellers Need a New Mindset Concerning Pricing

6:00 – 7:02    What Markers Determine a Price Reduction?

7:03 – 9:17    The Market is Pricing Homes & Practical Stories

9:18 – 10:54  Sellers Think About This Strategy When Determining the Listing Price

Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market and housing market predictions 2022, both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!

Although we’re based in Colorado, selling Colorado Springs Home for Sale, our experience can benefit buyers and sellers, and real estate professionals nationwide.

The Real Estate Show is available on Spotify, iTunes, and on YouTube! Looking to learn more about us? Follow along with Selley Group Real Estate online!

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