The last weekend of May 2008, has officially been the busiest weekend for showings in the Colorado Springs Real Estate market, Year to date. Our market generally picks up after the Air Force Academy Graduation but it’s usually a gradual crescendo. This Weekend felt a lot more like the release of pent up buyer demand.
More good news as a lot of the interest and activity is in the $300,000 to $500,000 price range. This has been, as stated in earlier posts the Dead Zone. Is it time to start celebrating? Probably not but it’s just nice to see some activity. As we’ve said earlier, if you are a Buyer and you’re waiting for the market to hit bottom, you may have missed that opportunity, Cyril Moulle-Berteaux certainly thinks you have. If on the other hand you are selling or considering selling NOW would be the time to get your home on the market.
I personally think we have seen the beginning of our normal seasonal market. I would imagine we won’t see a truly balanced market until we see more significant recovery in some of the larger markets we see relocation buyers come from like California and Arizona. Still, this is a great sign, especially for those home sellers that have been waiting to get on with their lives.
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