February 2011 home sales in Colorado Springs were down 21.7% from 2010. That is a big number. With only 448 closings, it is a scary number. But on the flip side, average prices were up 13.6%, and the median was up 4.67%, indicating some strength. The ratio of selling price to listing price was 97.1%, [...]
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How is the market in Colorado Springs? This is probably THE question I am asked the most often, or at least some variation of it. Sometimes its just, how is the real estate market? Or how is business? What is the answer? It depends, who’s asking? If you are a seller, this is [...] Many in the real estate industry are holding their collective breath to see what comes next after this Friday’s expiration of the First Time Home Buyers Tax Credit. While some thought it would be extended, the reality is that the Federal government has got to back off from its assumed role as rescuer of the [...] 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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