The momentum shifts about our national economy are as unpredictable as to which direction the wind will blow next. Regarding our local market, it seems like many people are at a temporary standstill with respect to either buying or selling Colorado Springs Real Estate, especially as we breach the 4th quarter of this year.
Nonetheless, the numbers for September boast high ratings for Colorado Springs Realtors. Continued growth in the sales realm is still occurring. Regarding foreclosure figures, these have slowed noticeably over this past month, averaging about 21 filings per day. However, the annual number for foreclosures will likely top 5,000 - a few hundred more than last year.
From my perspective as an Elite 25 Colorado Springs Realtor, the "stand-still" approach might actually be a good idea for the moment, especially in the midst of varying geo-political upheaval. Who knows how the markets will respond?
With all of that said, interests rates are currently 4.75%, inventory is plentiful for good negotiations, and the reality that Colorado Springs Real Estate will always be a prudent long-term investment should also be considered.
Our office of Colorado Springs Realtors does not pressure our potential clients in to poor decision-making regarding Colorado Springs Real Estate. This violates our core values as a company. We believe your interests become our interests. We're here to educate, to serve, and to lead you through these fast-changing times.
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