Are Bidding Wars Coming Back?

As earlier predicted, bidding wars could be headed our way! Inventory is down and buyers are looking to take advantage of the low interest rates.  Sellers, please don’t confuse increased sales with increased pricing just yet, I think it is coming in the near future, but not quite yet!  All is great news though,  light is at the end of the tunnel for a recovery soon!  Right now in Colorado Springs, price ranges below $200k are experiencing tons of activity and multiple offer situations are already being realized!  Great News Sellers… Buyers, don’t sit on the fence too long!