Believe it or not, prices on real estate have moved up in the last year.
Looking at trends in the Colorado Springs Real Estate Market including: Monument, Palmer Lake, Stetson Hills, Fountain/Ft. Carson, a few things are obvious.
1) Prices have trended upwards since December 2009
2) Inventory levels are decreasing to the 7-8 months range, moving closer to the 6 mos. level which represents market equilibrium.
3) Foreclosure reporting is down 13%
Every market across the country is different. These stats for the Colorado Springs area indicate that a foothold has been reached and market stabilization is here. This coupled with interest rates in the mid-to high 3% range make qualifying for more home possible.
The $175,000 to $250,000 segment of the market is the most active. However there is a spike in activity in the $300,000 to $450,000 ranges are seeing increased activity due to lower rates making these homes more affordable.
If you or someone you know is considering a home purchase, please let us know. I can be reached at 719-646-2634. We have a terrific track record of negotiations. In fact our most recent clients are paying 10-15% less than list price!
Don't miss this buying opportunity, indicators show that the window for these type of bargains is closing.
