Who says the Colorado Springs Real Estate Market is bad? The newspapers and rookie real estate agents. Both don’t know what bad is.

The Gazette, USA Today and many other publications continue to tell the public that the market is bad. Prices are falling, inventory is climbing, foreclosures are skyrocketing and interest rates are rising. Yes there is truth in these statements when compared to the record real estate years. There is almost no truth in these statements when compared to averages.

In Colorado Springs the average homes sold over the last 20 years is 8900 homes. Through the month of July we have sold 4666 homes. That should equate to 8000 homes sold this year. That’s only a 12% drop. Inventory is down 11.8%, so the 2 stats equal out.
Foreclosures are a problem, but nothing compared to the 1980’s. In the 80’s there was one foreclosure for every 171 people. Today there is one in every 254 people. Yes there is more now than 3 years ago, but that was a record year.

Interest rates are still below 7%. Yesterday I could get 6 ½%. When rates make headlines is when it bumps up. The newspaper never reports the bumps down.

People we need to keep the real estate market in perspective. I have sold over 100 homes this year. Homes are selling if they are priced right and look good. Overprices or rough listings will not sell. Accept it and let’s move on.

If I can answer specific questions about your home or how to find a good value, please contact me at www.maecker.com or email @ theteam@maecker.com.


Thanks,
Brian