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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!
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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.
We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.
Area Real Estate News & Market Trends
You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!
All statistics are courtesy of Empire Title of Colorado Springs.
May 9, 2019
Hello everyone, this is my first blog entry ever. I am doing some research for a client and reading the real estate stats and it occurred to me that I should be sharing this information with my clients.
In its third meeting of this year, the Federal Open Market Committee unanimously upheld its March decision to keep the federal funds rate between 2.25 and 2.5%. The Fed signaled once again that it doesn't plan to cut or raise the rate in the coming months.
APRIL 2019 STATS
2019 YTD vs. 2018 YTD
- Average Price Up 4.7%
- Median Price Up 5.89%
- Residential Units Sold Down 0.7%
- Inventory Levels Up 22.1%
- Number of Listings Up 15.1%
- Foreclosures Down 1.3%
- Average Days on Market: 31
- Interest rates Up 4.20%
Seller's Vs Buyers Markets