Listing and Sales Summary – February 2012 – Colorado Springs Real Estate

When looking at the Listing and Sales Summary of single family/patio homes for February 2012 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.

First of all, there are continual signs of shrinkage in the listing inventory in the Colorado Springs Real Estate market.  Specifically, total active listings are 25.3% fewer as compared to the numbers for February 2011.  Sellers are not budging about what they believe their house is actually worth.  Many sellers have tighter margins to work under and refuse to take gaping losses in their current financial portfolios, as well as how this might impact their future.

Second, the average sales prices wiggled upwards from last month, about 3.8%, increasing from $204,814 to $212,551.  This bodes well for home pricing stabilization and the anticipated increase in home values by the fourth quarter of 2012.

Third, buyer activity is somewhat stalled due to the low listing inventory in the local real estate market.  Buyers do not have the luxury to wait and see what happens with super low-ball offers.  Many properties are getting more than one offer and the offers are coming in pretty close to asking prices.

Feel free to contact Colorado Springs Realtor, Cherise Selley, Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period February 2011 through February 2012.  RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”