Welcome to the EquityCoSprings.com Blog

2014-11-01 15:13:04
Colorado Springs Real Estate Market Statistics Q3

Colorado Springs real estate market statistics and data for the third quarter of 2014

(data provided by PPMLS & 10K Research & Marketing)

 

Summary of the Quarterly Indicators:

Markets across the nation seem to be back on the recovery track after a brief pause. One of the more encouraging aspects of this renewed recovery is that new construction of single-family homes reached six-year highs in August, according to the U.S. Commerce Department. Consumers are also finding more listings in their search results than they have in years. Inventory is rising in many neighborhoods as higher prices have motivated more sellers to list.

New Listings were down 0.7 percent for single family homes and 3.1 percent for townhouse-condo properties. Pending Sales increased 28.1 percent for single family homes and 29.9 percent for townhouse-condo properties.
The Median Sales Price was up 3.1 percent to $229,500 for single family homes and 5.0 percent to $151,500 for townhouse-condo properties. Months Supply of Inventory remained flat for single family units but decreased 6.1 percent for townhouse-condo units.

The departure of investors from the scene should benefit first-time homebuyers, but student debt and sluggish wage growth have slowed that transition. The economy is growing, but it's growing at a slower pace than desired. Thankfully, inflation remains tame, partly enabling the Federal Reserve to keep rates low for longer, contrary to the forecasts of most economists.

Click to view: the entire 16pg PDF report 

Click here to view: Q3 MLS area stats

 
Blog Archive
2016-05-27 17:54:51
3 Renovations that Will NOT Increase your Value

2016-04-26 13:11:55
March 2016 HOUSING STATISTICAL REPORTS FOR PPMLS

2016-03-25 16:26:27
February 2016 HOUSING STATISTICAL REPORTS FOR PPML

2016-02-16 08:43:47
January 2016 HOUSING STATISTICAL REPORTS FOR PPMLS

2015-01-23 14:34:08
December 2015 Housing Statistical Reports for PPML

2014-11-01 15:13:04
Colorado Springs Real Estate Market Statistics Q3


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.