Colorado Springs Real Estate Market Update- Looking Good!

Colorado Springs Real Estate Market Update- Looking Good

The following market stats are produced by Empire Title and Bill McAfee

The song is silly, but the news is GREAT! Check it out! We just love Bill! Check out the link below:

http://youtu.be/VonLvzGBT84

Summary- The market in Colorado Springs from January 2011-November 2011

• Our supply of inventory is at 5.23 months. 6 months is avg.
• 74% of the homes selling in Colorado Springs are below $250,000
• Interest rates are still at the lowest in history, but election year can always be unpredictable
• More homes are selling compared to last year
• More homes in the $300K-$500K range are selling than before
• Sales have dropped a little due to the banks unloading homes and the higher end market slipping a bit.
• Colorado Springs rental market is booming- Bill states that if a rental is vacant it is probably because it is getting new carpet, etc...Plus, we will be getting more troops coming back.

Our Colorado Springs Market is doing much better than the National Market. If you are looking to buy or sell real estate in Colorado Springs- give Kristi a call today at 719-459-5468