June Colorado Springs home sales were up 4.7%, compared with June of 2009. This was undoubtedly affected by deadline of the Home Buyers Tax Credit, with June 30 being the last day to close to still be eligible (before the last minute extension of the closing deadline passed by both the house and the senate). [...]
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Mortgage interest rates came close to hitting a record low last week. All the junk going on in Europe with Greece and Hungary’s financial situations has made US mortgage backed securities more attractive apparently, and the result is some incredibly low mortgage interest rates. We were expecting May to be a strong closing month, and while it wasn’t outrageously great, it was respectable. Sales were up 6.7%, the median price (1/2 above, 1/2 below) was up 2.1%, and the average was 5.3% over 2009. Other notables: The inventory of unsold homes jumped 10.0% April was a good month in the real estate business in Colorado Springs. Homes sales were up 11.9% over last year, and prices were up 4.7%, a very respectable amount. While the tax credit expiration of April 30 undoubtedly pulled some activity into the month, most of the impact of that will likely be felt [...] There are lots of ways that home values get reported in Colorado Springs. Many of us as agents track this tightly, the Pikes Peak Association of Realtors definitely makes a major effort, and the El Paso County Assessors office takes its own swing at the issue. But this is one area where I really have [...] As of this morning, April 14, there were 5,069 single family and patio homes for sale. That number has been climbing, and it looks like April will see the first year to year increase in the inventory if homes for sale in Colorado Springs since this recession began. It is no April Fools joke, Colorado Springs home sales really jumped 27.7% in March, according to preliminary data. Prices were stronger as well, with the average up 1.5% at $215,625 and the median (1/2 above, 1/2 below) up 2.6%, at $189,850. The National Association of Realtors (NAR) Spring is when our listing inventory grows. The number of homes for sale in Colorado Springs stands at 4600 as of this writing, a 5% increase in the last 11 days and a 16.4% increase since the end of December. There are many reasons that we have more listings going into the spring. Many sellers want [...] Preliminary figures indicate homes sale rose again in Colorado Springs for the 7th consecutive month at a double digit pace of 13.5%. Prices were also up, though barely, with the average up .4%, and the median (1/2 above, 1/2 below), up only 2.7%. The inventory of unsold homes for sale dropped again, to 4,361 units [...] |
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