Great post for Colorado Springs! Cherise
Great real estate news need to be shared! There's a buzz in the air and it's not the bees coming out of their winter slumber... do bees slumber? Anyway, it's an awesome thing to hear there's activity in the market place!
This excerpt from today's Colorado Springs Gazette:
Rebound in Housing Market Continues
"The single-family home resale market had another solid performance last month in the Colorado Springs area.
A report released this week by the Pikes Peak Association of Realtors shows:
• Home sales totaled 723 in March, a 27.7 percent jump from the same month a year ago and the ninth consecutive monthly increase. For the first quarter of the year, sales totaled 1,759, an 18.6 percent gain over the same period in 2009. The figures reflect sales handled by real estate agents, not homes sold by individual owners.
• The median sale price of single-family homes rose to $189,900 in March, a 2.6 percent increase from the same month last year. It was the fifth straight month that prices increased. The median price is the midpoint of all sale prices for the month, with half the homes sold in March going for less than $189,900 and the other half for more.
• The supply of homes listed for sale in March totaled 4,773, a 6 percent reduction from a year ago."
Things are looking up!