Blogging About Loans

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

Colorado Springs MLS

Colorado Springs MLS

The real estate market is showing an improvement in Colorado Springs according to the MLS, or Multiple Listing Service. The MLS tracks the time a property is on the market before selling. The time on the market actually gives indication of whether we have a buyer's market or a seller's market. The article below gives current MLS statistics suggesting Colorado Springs properties are selling much faster than they were a year ago.

For additional information on the importance of working with someone that is qualified to accurately interpret MLS statistics, please click: MLS reports.

Colorado Springs MLS Market Update.  Below are the statistics for the Colorado Springs MLS real estate market. 

All the trends are good towards an improving real estate market for Colorado Springs resales when you compare December 2008 to December 2009.  The number of sales were up 26% and the number of active listings were down by 20%.  This equates to a change in absorption rate for the city from 10 months from a year ago to 6 months, meaning that at the current rate of sales per month, it will only take 6 months to sell the inventory of homes.  We will most likely see the number of active listings increase for Colorado Sprngs in January, but the buyers typically start returning to the market as well.

Total sales for 2009 were up 4.9% over 2008.  A positive sign that Colorado Springs real estate market is on the mend. 

The bad news is that single family new home starts were down 15% from December 2008.Colorado Springs MLS

 

Colorado Springs MLS Market Update

                       

    

Nancy Murray
Ann Knoll
  

Murray Knoll Partners

With Keller Williams Clients’ Choice

Colorado Springs, CO

Direct: 719-964-4810

http://www.OurDistrict20Homes.com/

nancy@ourdistrict20homes.com

 


Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

   www.ColoradoHomeLender.com

   ruthv@fairwaymc.com  303-881-7849.

 

Twitter Icon           http://www.facebookloginhut.com/facebook-login/

 


by Twitter Buttons

Timer

Comment balloon 2 commentsRuth Vogt • January 13 2010 10:50PM
Colorado Springs MLS
share
Colorado Springs MLS The real estate market is showing an improvement in Colorado Springs according to the MLS or Multiple Listing Service. The MLS tracks the time a property is on the market before selling. The time on the market… more