QUICK FACTS
* The number of Active Listings is down 18% from 2011
* The number of Sales for the month were up nearly 22%
* The Inventory Level is down over 33% from 2011
* The Average Sales Price is up 5% while Median Sales Price is up 6%
* 63% of sales in the last 3 months were under $250K
* Forclosure starts are even with 2011
The months of inventory for all homes in Colorado Springs is down to 3.9 months. This is great news once again. We haven't seen this type of inventory since 2004. Most economists consider 6.0 months to be a balanced market. This is most likely why the median sales price is up 6%!
The number of Sold homes are also up 22% from July of 2011! Once again, GREAT NEWS!
The Average & Median Sales Prices for the same month over the past 10 years shows the "bubble" was in 2004 - 2009. The 10 years of data helps gauge the current health of the local real estate market.
Forclosure starts are also down from 2010 and 2009 where they peaked. However, it looks as though we will remain steady with 2011.
Monday, September 17, 2012
Subscribe to:
Posts (Atom)
