Market Statistics

Found 3 blog entries about Market Statistics.

The most recent numbers show another strong quarter for the Colorado Springs housing market.

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Compared to Q3 of 2017, the total number of listings and days on the market remained virtually identical. Homes priced between $300k-$500k along with the $1million+ market gained momentum, but the number of units sold under $300k declined by 26% due to the extreme lack of inventory.

One interesting indicator during this quarterly cycle is the median sales price. Although our local market values have increased another 11% over the same period last year, the current median sales price is down 2% compared to Q2 of 2018.

Keep An Eye On Interest Rates

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Mortgage interest rates also continue to rise. According to Freddie Mac, the average rate for a 30-year

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If you've ever wanted to live in a place with wide open spaces, gorgeous scenery, and very little humidity, you should consider moving to Colorado. If you want to enjoy city life while being mere steps away from some great hiking spots, like Garden of the Gods, definitely consider Colorado Springs.

Of course, before you jump in with both feet, you should do a little research on the Colorado Springs real estate market. It's important for you to determine if this is the right investment for you. To help you find the information you're looking for, we did the research for you. Keep reading to learn about current home prices in Colorado Springs.

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Why You Should Consider Investing in the Colorado Springs Real Estate Market

Before we get into the

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The strong sellers' market continues in Colorado Springs but home buyers are starting to see more relief compared to the first quarter of 2018. Mortgage rates are a key factor to the slight cool off, having gained 60 basis points (.6%) since the start of 2018 but they have also remained relatively flat for the past 5 weeks.

Colorado Springs Real Estate Market Update

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Overall listings in Q2 were still nearly 6% lower than the total count from a year ago, but compared to the 14% deficit we saw in the first quarter of 2018, the "white hot" market could now be described as a "red hot" market.

Appreciation continues to be good to home sellers. The median sales price for residential property in El Paso County is now $303,000, up nearly $20,000 since Q1

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