When looking at the Listing and Sales Summary of single family/patio homes for August 2012 (provided by the Pikes Peak REALTOR® Services Corp), this Colorado Springs CO Realtor would like to share a few thoughts to consider.
Numbers are what they are – numbers. The trends behind these numbers are analyzed over different metrics with the consideration of historical impact and geo-political influences. And the trends today reflect dynamic momentum, ranging from simple sales decisions to complex investment strategies. Real Estate is still an integral part of our economic puzzle, even in terms of recovery, though you might not hear this much in the Republican and Democratic speeches.
Regarding our local market, here is what the numbers reflect. The findings are quite straightforward for latter portion of the 3rd quarter.
First, the numbers reflect negligible (less than 1%) changes when it comes to comparing average and median sales prices between July and August 2012.
Second, what has changed is that the Colorado Springs Real Estate market showed a decrease of 7.7% in the actual sales volume from the previous month. Yet, this is not very surprising given some historical perspectives. The month of August typically shows some slowing in sales given the endpoint of summer for many and the start-up of school for many families.
Remarkably though, the actual sales volume remains steady as compared to last year, August 2011. The statistics bode well for sustained recovery as the actual sales of single family/patio homes is 7.9% higher this year as compared to last.
Third, my opinions are basically unchanged about our listing inventory. Total active listings remain under 3,900, which is an indicator of the strength of the Sellers market, specifically under the $400K price range.
People often ask the question, “How are you doing in real estate?” I typically give an answer without boasting about our numbers. We are BUSY! There is hardly any time to breathe. But that’s okay because I own a real estate business, and I feel called to give topnotch service to the consumer while providing a healthy environment for our group of Realtors to live and thrive professionally.
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 August 2011 through August 2012. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”