Briargate, Colorado Springs, Zip Code 80920, Real Estate Market Report for May 2011

Briargate is showing an interesting trend with the number of active listings actually declining during the busiest buying period of the year. Active listings in Briargate are down 30% from April and new listings relatively the same as April, an increase of only 3 homes. As a result of this trend, we are seeing the average price and median price increasing by 4% and 14% respectively. For the second month in a row, the months of inventory for Briargate is below 6 months, in the "seller's market" range. This creates more competition and often results in multiple offer situations. This is good news for anyone considering selling a home in Briargate.