Practically speaking, the numbers do speak for themselves. Supply and Demand economics is visibly in play for the Colorado Springs Real Estate market. With listing inventory down, both in pricing as well as inventory levels, then pricing on residential homes is likely to go up, as evidenced in the October comparables from 2012 to 2011.
This analysis is brought to you by Bill McAfee of Empire Title of Colorado Springs.
2012 YTD vs. 2011 YTD
• Average Price UP 3.7%
• Median Price UP 6.0%
• Residential Units UP Sold 7.8%
• Inventory Levels DOWN 26.5%
• Number of Listings DOWN 20.8%
• Foreclosures UP%
• Interest Rates are at historic lows
Feel free to contact Colorado Springs Realtor, Cherise Selley, Active Licensed Broker/Owner of Selley Group Real Estate, LLC or you may contact our group of Colorado Springs Realtors @ www.selleygroup.com or 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101
Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.