Second Quarter Numbers are out for the Pikes Peak Real Estate Market. The most noteworthy number is the “Total Number of Sales”. The second quarter saw a 47% increase in the number of Single Family/Patio home sales over Q1. This is due in large part to the Federal Governments tax incentives and although we all enjoyed this shot in the arm, we can’t help thinking it’s only postponing the inevitable.
The Real Estate market needs to find equilibrium and prices need to settle into a predictable groove, especially in the upper end market.
Here is a look at the previous six quarters of Active vs. Sold properties. The most remarkable aspect of this chart for us is how seasonally consistent the Colorado Springs Real Estate market is. Next we’ll look at prices.
