Colorado Springs Housing Market Recap as of July 31, 2011

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Here's a summary of the single-family homes for sale in Colorado Springs and the Colorado Springs Housing Market as of July 31, 2011

The numbers of single family homes sold is down 4% from 2010.   Last year during the same time frame the First Time Home Credit was still in affect; which definitely affected the amount of home sales in the market.

• There have been 25% more homes sold in 2011 vs. 2010 for properties priced under $100,000
• There is only 2.7 months of inventory for houses priced under $100,000; it's a seller's market in this price range.  
• There is only 3.9 months of inventory for houses priced from $100,000 to $200,000; it's a Neutral market in this price range. There have been 5% less houses sold in 2011 vs. 2010 in this price range.
• There is 17 months of inventory for houses priced from $500,000 to $750,000; it's a buyer's market in this price range.  There have been 21% less houses sold in 2011 vs. 2010 in this price range.
• There is 28 months of inventory for houses priced from $750,000 to $1,000,000; it's a buyer's market in this price range.
• There is currently 26% less homes for sale on the market in 2011 vs. 2010 for all single family homes.

 This Colorado Springs Real Estate report contains information on Single Family homes.

This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

Kathy Torline, Colorado Springs Real Estate Agent, An Expert You Can Trust 719-2887-1049 KTorline@msn.com

Selling Real Estate in the Colorado Springs area, including Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

www.ColoradoSpringsVintageHomes.com, www.KathyTorline