Colorado Springs Real Estate Market

If you are thinking about listing your home, the market information would support that NOW IS THE TIME! The number of Active Listings is down 26% from 2011 - 3383 vs 4480
Take advantage of the lack of homes available. In most parts of the city, the Days On Market is 4.3 months. This is great news. Economist consider 6 months on inventory to be a balanced market.
If you aren't convinced now is the time to market your home...this information might help sway you.

The number of Sales for the month of April were up nearly 5%
The Inventory Level is down over 29% from 2011 - 4.3 months vs. 6.1 months
The average sales price is up nearly 3% for the 2nd month in a row
The number of foreclosure starts in 2012 so far are down 3.4% compared to 2011

2,021 homes sold in Colorado Springs the first quarter of 2012. This compares to 1,972 first quarter of 2011. We hope to see number continue to rise.

If you are interested in seeing how your neighborhood compares with the over all numbers, please give us a call! We can be reached ad 719.330.9440 or 719.330.1779.
Have a Great Memorial Day Weekend!
Tyra & Colleen