Home sales in Colorado Springs have now improved 3 months in a row when compared with 2010. While prices remain soft (September was down 5.2% or 4%, depending on whether you compare the average or the median), year-to-date sales are now ahead of last year as well. The inventory of unsold homes has dropped every month since March, indicating sellers are continuing to stay on the sidelines.
For buyers being offered interest rates in the 3’s, it is no surprise that more homes are being purchased. As the local economic outlook continues to improve, the bargains are just too good to pass up. For more details, please visit www.LivingColoradoSprings.com/market-conditions.
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