Colorado Springs Realtor - Cherise's Blog: October 2012 Comparables to October 2011 – Colorado Springs Real Estate Statistics

October 2012 Comparables to October 2011 – Colorado Springs Real Estate Statistics

Supply & Demand Economics

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.

Comment balloon 1 commentCherise Selley • November 23 2012 09:15AM

Comments

Gordon,

Good to hear from you again.  Hope you and Cherise had a great Thanksgiving.  Glad to see that the Colorado Springs numbers are up in the right direction.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) almost 8 years ago

Participate