The Colorado Springs housing market continues to break all the records even when the COVID pandemic has not ended. The real estate market has reached record high prices with a lack of homes for sale. The Colorado Springs real estate market is facing a severe lack of inventory, with 50% fewer homes available for sale than at this same time last year. It is a hot seller's real estate market. As of August 2020, the “Months Supply of Inventory” is 0.8, down by 55% from last year.

In August, home sales in El Paso county increased by 13.3% while new listing dropped by – 9.6% year over year. The median sales price has reached a new peak of $380,000, which is + 15.2% higher than last year. Total available properties for sale have shrunk by – 53.5% year over year which amounts to 0.8 months of supply. The latest monthly data by the Realtor.com shows that homes in Colorado Springs sell faster than average compared to other cities in El Paso County. It takes an average of 38 days on market for a home to sell in Colorado Springs.

The median list price of homes in Colorado Springs on their platform is $350,000, trending up 9.4% year-over-year. The median listing price per square foot was $157. The median sale price was $337.5K. Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%. The sellers in Colorado Springs have managed to hold good leverage in these negotiations in the past month. On average, they could sell homes for 100% of the asking price. A seller would always prefer scenarios that can yield a ratio of 100% or higher. The detailed analysis for the Colorado Springs real estate market (single-family homes) from April to date is given below.

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We’ll be discussing the latest Naples real estate market trends & statistics to find out how they can affect the investors and homebuyers in the next six to twelve months. The Naples real estate market has been extremely resilient to the impact of the coronavirus pandemic. Buyers have less negotiating power because inventory in the Naples area continues to decline. It experienced a heightened homebuying interest in July, which resulted in a 57.3 percent increase in pending sales for the month. Total sales (closed) during July increased 35.4 percent year over year.

That's up 42% compared to the month before, according to NABOR®. A decreasing supply of inventory is making it difficult to keep up with strong pent up demand from buyers. Data by Realtor.com also corroborates that in July 2020, the Naples housing market was a seller’s market, which means there were roughly more buyers than there were active homes for sale. The sellers in Naples have managed to hold good leverage in price negotiations.

On average, they could sell homes for 96.25% of the listing price–just 3.75% below asking price. A seller would always prefer scenarios that can yield a ratio of 100% or higher while a buyer would prefer a sale to asking price ratio that’s closer to 90%. The median list price of homes in Naples, FL was $382.5K, trending up 5.7% year-over-year while the median sale price was $359K. More insights into the Naples housing market from NABOR 2020 Market Reports are given below.

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We’ll be discussing the latest Orlando real estate market trends & statistics to find out how they can affect the investors and homebuyers in the next six to twelve months. After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market. As per the current trends, Orlando is all set to remain a seller's market in the next 12 months. In July, the total closed sales amounted to 3,679, up 1.4% year over year and up 18.6% from June 2020.

The median sales price in Orlando for all home types sold in July was $270,000, which marked a 9.2% increase year over year. That price was also a 1.9% improvement compared to June's median price of $265,000. These figures include Lake, Orange, Osceola, and Seminole counties which come under the Orlando MSA, according to the Orlando Regional Realtor Association. Despite the pandemic, there is a strong demand from home buyers and inventory is short of supply of available properties.

Data by Realtor.com also corroborates that in July 2020, the Orlando housing market was a seller’s market, which means there were roughly more buyers than there were active homes for sale. The sellers in Orlando have managed to hold good leverage in price negotiations. On average, they could sell homes for 98.58% of the listing price–just 1.42% below asking price. A seller would always prefer scenarios that can yield a ratio of 100% or higher while a buyer would prefer a sale to asking price ratio that’s closer to 90%.

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