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Colorado Springs Current Market Conditions

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Colorado Springs Current Market Conditions

The post below are the stats from our MLS, Pikes Peak Assn of REALTORS(r), for the month of September.

Interesting stuff...if you're a REALTOR(r) or a Home Buyer/Sellerin El Paso County. What it's saying is that sales are down, average sales prices are down, and median sales prices are also down. The good news (for some) is that listings are UP!

It's the beginning of a recovery for us. We may have hit the bottom and are starting back into a seller's market. For the last year, we've been in a buyer's market. It looks like it's turning around.

We are expecting an influx of military families to our local military installations. And they are going to breathe live into our economy. We have so much inventory that I'm sure that those that want to buy will have no trouble finding a great home and a good loan.

Rates are down...this is the time to buy!

 

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Marianne Snygg, GRI, ABR, ASP
Broker Associate
ERA Herman Group Real Estate

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Colorado Springs and Monument Real Estate

Comment balloon 0 commentsMarianne Snygg • October 11 2008 01:19PM

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