The market in Colorado Springs IS moving. Let's just compare the Single Family House Market from October 2005 vs. October 2006... From a current Pikes Peak Association of Realtors Statistical report:
New Listings:
October 2005: 1,580
October 2006: 1,486
DOWN 5.9%
Sales:
October 2005: 1,124
October 2006: 903
DOWN 19.7%
Average Sales Price:
October 2005: $241,799
October 2006: $263,811
UP 9.1%
Median Sales Price:
October 2005: $205,637
October 2006: $213,500
UP 3.8%
Total Active Single Family Homes:
October 2005: 4,341
October 2006: 5,750
UP 32.5%
Our market is shifting, but it is not as dramatic as people are fearing. It IS heading toward a buyers market, but sellers still have quite a say in what is going on.
Reality?
If the home is priced properly and your Real Estate Agent markets it effectively, the sale of a home should still fall into the Colorado Springs - 3 month average days on market. Which is still a moderately strong Sellers Market.
Comments (1)Subscribe to CommentsComment