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The Colorado Springs Housing Market is Hot, Hot, Hot!

janiehoward Real Estate Leave a Comment

If you just received your orders to report to one military bases in Colorado Springs, you are not only relocating to a beautiful area, you are also moving to one of the hottest housing markets in the country! Colorado Springs was recently ranked #8 on the Top 100 Largest U.S. Metros Ranked by Forecasted 2018 Sales Growth!

ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, recently released its Q3 2017 Pre-Mover Housing Index, which shows the markets with the highest pre-mover indices during the third quarter. This index, which is predictive of strong sales in the fourth quarter, ranked Colorado Springs at the very top of the list!
In addition, ATTOM examined homebuyer loan applications in the markets, compared them against each regions supply of homes and developed an index measuring the likelihood of homes being sold in these communities within a 30-day period. Colorado Springs is ranked as the #1 market among 120 metro areas!

What is the Pre-Mover Housing Index?

ATTOM uses data collected from purchase loan applications on residential real estate transactions to produce the Pre-Mover Housing Index. This index is based on the ratio of homes with a “pre-mover” flag during a quarter to total single family homes and condos in a given area based off the national average. An example of a “pre-mover” indicator is a home that has just been listed for sale.
An index of above 100 is above the national average and indicates an above-average ration of homes that will likely be sold in a given market in the next 30-90 days. The data for El Paso County, which encompasses the majority of the Colorado Springs region, received an index of 300, making it the county with the second highest index in the nation!

What Does All This Mean for Me and My Family?

First and foremost, this means that you will have plenty of buying options when you move to the Colorado Springs area. Secondly, your home will most likely increase in value and be easy to sell if and when you receive orders to relocate to another military base outside of the Colorado Springs region.

How Can I Find Out About Homes For Sale in Colorado Springs?

We are here to help you find the perfect home for you and your family! Be sure to contact us at Woodleaf Realty so we can hear your plans and goals and create a streamlined move for you.

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janiehoward