Colorado Springs Vintage Homes Blog
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It’s a price war to the door, then it’s a beauty contest
Colorado Springs Real Estate Market Updates
Date: November 1, 2010 to November 8, 2010
Search for new Home Listings in Colorado Springs
Related Articles:
- Northwest Homes are seeing an increase in pricing
- Housing sales in Central Colorado Springs have continued to increase
- Colorado Springs housing market is starting to see the inventory decrease
Here is a quick recap of the Market Activity for last week in the Colorado Springs Real Estate market according to the Pikes Peak Association of Realtors MLS system as of November 8, 2010.
One interesting observation, there are currently 5874 houses for sale in the Pikes Peak area, and once again over 10% of these listings did a price reduction yet again last week. This is on top of the 10% of homes that did a price reduction during the last 3 weeks; 4 weeks of consistent price reductions.
The market is very price sensitive right now, it’s essentially a price war to get buyers to the door and then it is a beauty contest.
| New Listings | 302 |
| Back on the market | 70 |
| Price Reductions | 628 |
| Pending Transactions | -195 |
| Sold Transactions | -151 |
| Withdrawn from the Market, and Cancelled | -155 |
| Expired Transactions | -190 |
| NET GAIN/LOSS (LISTINGS) | (319) |
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