Colorado Springs Residential Real Estate Update for the First Quarter 2010 

What to expect in 2010

·         8500 Total Units Sold

·         Good Market for homes priced under 250k

·         Tough Market still for homes priced 400k and up.

·         5000 Foreclosures started and 2000 completed.

·         Tougher Market Guidelines.

·         Higher Interest Rates. 

Month Supply

·         250k 4 months

·         350 to 400 8.5 months

·         600 to 700 23 months

·         800 and up A long time….

Days on Market

·         87-102 for Single Family and Patio Homes

·         101-125 for Townhomes and Condos

Note:  Sales price to list price comparison is currently at 97.2% with concessions at 2.8%

Mike Kunce

RE/MAX Properties, Inc.

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