Real Estate Market in Colorado Springs for June 2010

Even though we may not think the real estate market is doing much since we are not getting that many showings on our listings things are moving slowly and steadily. Both average and median sales prices were up from last month. Inventory did increase in June but that is pretty normal for this time of year. It is interesting to note that there was an increase in sales from $300,000 to $399,000. It was over 12% of the market for the first time in 2010. Foreclosures are down 7% from last year at this time which is a big relief to see them down a bit for a change. Info taken from Empire Title Local News.