Colorado Springs Real Estate Market Report - March 2008

Through March 31st of this year, 1,811 single family homes have sold through the Pikes Peak Multiple Listing Service.

722 single family homes sold in March - a higher number than the previous four months, and just one home shy of October's 2007's sales - and better than September's 695 sold homes.

While the trend of lower-priced home sales is continuing, March's average price ($236,503) and median price ($202,000) were up from the last two months.

98 townhomes/condos also sold last month.

Inventory remains high, with 5,849 active single family listings in March.

Since areas vary greatly with days on market, list price to sales price ratio, and average price, please call us for specifics on your neighborhood.

Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 9/1/2007 through 3/31/2008 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.

Ken and Sandy Wickham, the authors of this article, are long time Realtors in beautiful Colorado Springs, CO. They welcome your real estate inquiries; to contact them, please visit their website.