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Archive for November 27th, 2009

Pricing in Southwest Colorado Springs continues to decline

Colorado Spring Real Estate, October 31, 2009
Market Report for Southwest – Single Family Homes, Homes Close to Fort Carson
Includes  Homes in the Broadmoor, Cheyenne Meadows, Bluff Bluffs, Quail Ridge

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The Southwest housing market continues to be a BUYERS  Market, as there is currently a 9.7 month of supply of homes on the market.   A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.   2008 Sales units were down 25% from 2007, but 2008 pricing was only down 10% from 2007.   Sales have continued to declined in 2009 and pricing has continued to see downward pressure.

southwest dom pricing october 

southwest DOM october 2009

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