Tuesday Real Estate News
TUESDAY REAL ESTATE NEWS FOR THE WEEK ENDING FEBRUARY 19TH 2024


 
REAL ESTATE MARKET WATCH WEEK ENDING FEBRUARY 19TH 2024
THIS IS FOR THE ENTIRE PIKES PEAK MLS TO INCLUDE SINGLE FAMILY HOMES, PATIO HOMES, CONDOS AND TOWNHOMES.

Let's talk about new listings for this week. We had 266 new active listings. 45 homes came back on the market. This gives us 311 new active listings for this week.
This week we have 138 homes under contract, 174 pending for a total of 312 homes off the market. This brings us to a negative in inventory by -1 this week. 
Price decreases were at 182 this week.
Withdrawn-17, cancelled-29 and expired-15which leaves us with another 61 homes off the market this week.
Now the most important aspect of this is the homes sold last week 169. Homes sold this week were at 257 which gives us plus +88 week over week.

Real Estate Market Watch February 19 2024 Pikes Peak MLS

 



Check out Will Michaloski Interest Rate Update from VIP Mortgage:

Rates are higher because inflation came in higher than expected earlier in the week. Inflation was expected to go up .1% but it actually went up .3%. Also, this week consumer spending for January was much lower than expected. We know that credit card is at an all time high, so this could be the shift that I have been looking for where people start cutting their spending. Our economy is 70% consumer spending, and if that part shrinks that could be more like flat growth as far as GDP or maybe even negative growth for a time.

Check out this weeks activity on Single Family and Patio Homes located in El Paso County and Teller County Colorado for the week ending February 16th 2024. All active Single Family and Patio Homes 1,379 thats down by plus 23 week over week. Sold Single Family and Patio Homes in El Paso and Teller Counties 144 thats plus 41 week over week.

 

Single fam feb 16th 24 Check out this weeks activity for Condos and Townhomes located in El Paso and Teller Counties Colorado. All active Condos and Patio Homes are at 326 thats plus 1 week over week. All sold Condos and Townhomes El Paso and Teller Counties  this week are at 20 thats plus 1 week over week.condos tuesday real estate news condos feb 16th 24



Homes available for sale located in Broadmoor Glen South Colorado Springs Colorado 80906

Broadmoor Glen Homes for Sale

TeamSecundy – RE/MAX Properties Inc.
Brad Secundy 719-339-2233
Tempe Krieger 719-310-3339
Jennifer Blanco 719-650-1356
Tyler Secundy 559-740-3350‬
http://www.movetosprings.com
Posted by Brad Secundy on

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