Prices are up 8.7% In Colorado Springs in the first quarter of 2013 compared to first quarter of 2012. The number of residential units sold is up 28.1%! While foreclosures are down 36.2%.
Our market is really starting to rock and roll!
These are all positive trends for home sellers! A quick look at the supply and demand ratios will remind buyers it’s time to make the move. Prices are already going up! If you’ve been thinking about buying, now is the time. Average prices are up 8.7% and the median price is up 14.5%.
SUPPLY AND DEMAND
Listings are down across all price ranges. Meanwhile, local demand is at its strongest in many years. This leads to the trend that sellers can sell at or very near list price.