Although the news out of Washington paints a brighter picture about the recovery in the housing market across the United States, there are still some realities worth mentioning in regards to the Colorado Springs Real Estate market.
Listing inventory levels are lower than I actually anticipated for this time of year. Since January 1st, we have gained one listing in the market over the last 53 days. What this means is that buyers are buying up any existing listings because of low inventory levels.
In fact, as Benjamin Day pointed out to us yesterday, “there are two actively listed homes for every contracted property in the MLS right now.” There are 3,158 listings and 1,551 of them are under contract.
Personally, I am not sure how this plays out exactly over the next two quarters of the year, taking into account the spike in the rental market. But what I do strongly suspect is that actual home values will be forced to rise over the latter course of this summer. Good news for those who are part of homeownership!
To purchase Colorado Spring Real Estate, feel free to contact our Colorado Springs Realtors at Selley Group Real Estate, LLC: 2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101
All agents affiliated with Selley Group Real Estate, LLC are actively licensed in accordance to the laws of Colorado.
Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.