Colorado Springs Realtor - Cherise Selley - Average Home Sales Price

Colorado Springs Realtor  - Cherise Selley - There has been a positive trend regarding the monthly summary of average sales price for single family/patio homes from February 2008 through April 2008.   The Colorado Springs market registered a negative (11.1) percent for average home sales price for February, but gained momentum to a negative (7.2) percent for March and continued to climb to negative (5.2) percent for April.  The average homes sales price for April 2007 was $252,610 and for April 2008 is $238,578.  Accordingly, this is a buyers’ market, yet the seller will still be able to unload his or her personal inventory and navigate to other areas in Colorado Springs to accomplish upward residential moves.  These progressive increases in the average home sales prices are very good for the first quarter of 2008 and show that the market still presents with flurries of activities.  For May, our team already has ten closings scheduled on the board.  The two important components for survival during these times hinges on commitment and then skill.  Part-time Realtors, in all likelihood, will struggle the most within the current market conditions today.