Thursday, March 5, 2015

How Can You Take Advantage of the Colorado Springs Real Estate Market?

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A lot of my clients have had questions about what's going on with the real estate market here in Colorado Springs. Today I'll be giving you a brief market update that should provide you with a clearer view of our local market. 
  • Home sales have really picked up, and we're currently at a ten year low in inventory, so this is making it a great time to sell your home. It's also a really great time to move up into bigger and better homes. 
  • The number of sales right now are on pace with 2005 and 2006, so the market is finally recovering.
  • 26% of the total inventory in Colorado Springs is selling every month, and home prices are rising at a healthy rate.
  • Affordability is sky high right now with low interest rates and great loan products from Fannie Mae and Freddie Mac that only require a 3% down payment. If you're a first time buyer, now may be a great time to finally purchase a home, and we have plenty of resources here to help you do that.
Overall, it's a fantastic time to purchase a home because affordability is unbeatable right now. However, this window of opportunity to buy an affordable home is closing, so be sure to get into contact with us soon and we would be very happy to assist you when you buy or sell a home in Colorado Springs.

We look forward to helping you!