Colorado Springs Real Estate News - Colorado Springs CO Real Estate
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Some news relevant to new homes for sale in Colorado Springs today. According to an AP story via The Denver Post, “sales of new homes plunged last month to their lowest level in more than 12 years.” This is, however, a national story based on national numbers, so their reflection on new homes for sale in Colorado Springs may not be entirely accurate. The article reports new numbers from the Commerce Department:
• New-home sales fell by 9 percent in November from October to “a seasonally adjusted annual rate of 647,000…the worst showing since April 1995, when the pace of sales was 621,000.”
• Economists were predicting sales to “drop by 1.8 percent, to a pace of 715,000.”
• The median sales price of a new home was $239,100 in November
• Additionally, new-home sales have fallen 34.4 percent nationwide over the last 12 months.
Many people may write these numbers off as just another case of real estate doom-and-gloom - indeed, the article calls this particular sales decrease “a grim testament to the problems plaguing the housing sector,” among other things. When dealing with new homes for sale in Colorado Springs, however, we prefer to see the silver lining instead of the gray clouds. The eventual turnaround here proves more promising than ever with reports like this; what falls will rise, and we see new homes for sale in Colorado Springs and nationally rising once more. (See the first link below for an opposite report from the Commerce Department just two months ago.)
Brian Wilson, Colorado Springs New Homes Real Estate
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[…] glenn article is brought to you using rss feeds.Here is a great article on the latest real estate buying and selling news.Many people may write these numbers off as just another case of real estate doom-and-gloom - indeed, the article calls this particular sales decrease “a grim testament to the problems plaguing the housing sector,” among other things. … […]