Good News! Seems like we are seeing some positive signs across the country. Visit this link from USA Today to see a recent report that foreclosures are down:

http://www.usatoday.com/money/economy/housing/2009-02-11-decline-housing-foreclosure_N.htm?csp=34

On a local note, with interest rates remaining at historically low levels combined with a relatively low inventory, it is a better time to sell than we have seen in months. To keep an accurate picture of the local Colorado Springs market, remember to visit the following website.

www.pikespeakfacts.com

Pikes Peak Facts is great at providing accurate and up to date information on the local Colorado Springs market. One interesting note, for the entire year 2008 every month the list price to sale price ratio was above 96%, many months higher. This is important because this shows that local buyers are seeking out properties that are aggressively priced to begin with, and not making low offers on overpriced homes in hopes that the sellers may come down. Sellers beware, buyers today are savvy and educated, and they are gravitating toward homes that are already correctly priced!