Colorado Springs Real Estate Continues To Improve In April

Both the number of sales, and prices for homes in Colorado Springs, increased in April. Sales were up 4.8% over 2011, and the median price was up 4.1%. The number of homes for sale was down 26.3%, helping prices stabilize. Interest rates remain in the 4% range, making home buying a bargain almost regardless of the price. The percentage of homes disclosed as distressed continued to drop, at 15.3% it is at one of the lowest points since mid 2007.
The increase in prices and low level of inventory should make room for new construction to see somewhat of a rebound this year. Single family permits for April were up 25.7%, and while the total numbers aren’t large yet (191 vs 152 in 2011), things are definitely headed in the right direction.
For more details, please visit
“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/05 through 4/30/12 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.” Copyright © 2012 REALTOR® Services Corp. Questions about this data analysis should be directed to Rick Van Wieren, RE/MAX Properties, Inc, 1740 Chapel Hills Dr, Colorado Springs, CO 80920 ph 719-590-4768 or email

Leave a Reply

Your email address will not be published. Required fields are marked *