We apologize for the lateness of this post; somehow we missed our monthly market update at the beginning of the month. We promise we'll do better next time.
There were 5,401 active single family listings in the Pikes Peak MLS in January; that is down 12.7% from January 2007.
534 homes sold through our MLS in Janurary. While January is typically a slow month, that was 20.7% fewer sales than in January 2007. But, to put this in a little better perspective, there were only 554 single family homes sold in January 2003. Median and average prices are down, but neighborhoods vary, so call us for specifics on your neighborhood. Statistics are useful but don't tell the whole story.
It's a great time to buy a house! The selection is vast. If you know of someone considering buying his first home, we'd be glad to sit down with him to see if home ownership is right for him. Or, if you're selling and buying another home, remember your replacement home can make up for concessions you give in your sale. Call us so we can help you with specifics related to your personal situation.
*Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), through January 2008. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
Ken and Sandy Wickham, the authors of this article, are REALTORS® with RE/MAX Real Estate Group in Colorado Springs, CO, and they welcome your real estate inquiries. To contact them, visit their website.
