Nationally a trend is developing as reported by real estate brokerage ZipRealty. According to the Inman News Article on February 1, 2009*: Sellers reduced the asking price on 40.4 percent, or 229,306, of available homes, down from 44.8 percent in December, to an average discount of $21,925, a rate 6.54 percent lower than the month before.
How do these national trends compare with the Colorado Springs Real Estate market?
In December 2010 the total number of Homes for sale in the Colorado Springs Real Estate market was 3951 down from a recent high of 5546 in November 2008,* LESS INVENTORY.
Homes Under Contract in January 2010 is 1243 as compared to January 2009 (874), January 2008 (899) and January 2007 (759).* MORE HOMES SELLING.
Median Price For January 2010 is $178,290 up from the low experienced in January 2009 ($173,000)* TRENDING UPWARD
Finally for the first time in 4 years, the TOTAL NUMBER OF HOMES SOLD IS GREATER than the year before.*
Combine these statistics together and all indicators for the Colorado Springs Real Estate market are showing signs of pending recovery.
Consumer information provided by William Szilagyi Williams HomeSellers Colorado Springs Real Estate Fountain Real Estate Fort Carson Housing For more information contact William Szilagyi 719-646-2634 www.WilliamsHomeSellers.coom
* Sources Inman News www.Inmannews.com February 11, 2010, Pikes Peak Association of Realtors www.PPAR.com.Statistics.aspx
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