TUESDAY REAL ESTATE NEWS FOR THE WEEK ENDING JUNE 10TH 2024

Dated: June 11 2024

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TUESDAY REAL ESTATE NEWS FOR THE WEEK ENDING JUNE 10TH 2024

REAL ESTATE MARKET WATCH WEEK ENDING JUNE 10TH 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 404 new listings.  78 homes came back on the market. This gives us 482 new active listings for this week.
This week we have 152 homes under contract, 208 pending for a total of 360 homes off the market. This brings us to a positive in inventory by plus 122 this week. 
Price decreases were at -482 this week.
Withdrawn-25, cancelled-54 and expired-13 which leaves us with 92 homes off the market this week.
Now the most important aspect of this is the homes sold last week= 310. Homes sold this week were at 318 which gives us plus 8 week over week.

Real Estate Market Watch June 10th 2024 Pikes Peak MLS



Check out Will Michaloski Interest Rate Update from VIP Mortgage:

Rates are better this week and we reached the best range we have seen for the year before a correction today. In this weeks video I outline what rates are expected to do for the year. That is, we will stay close to the range we are in right now, and if we see any conditions that suggest further improvement it wont be until later this year or early next year. The one wild card is international instability. I mention the conflict between Russia and Ukraine, the middle east and possibly Tiwan.

I don’t mention  this part in the video but it looks like we are moving toward more direct conflict with Russian because we are now helping Ukraine attack targets inside Russia, and in response Russia is planning naval and air exercises in the Caribbean and with Venezuela. Russia has said publicly that this escalation will cause them to move into direct conflict with NATO. If world conflict increases international money always moves into the American bond market. When that happens we see an improvement in rates.  I think international conditions are more likely to help rates then our economic data this year.




Check out this weeks activity on Single Family and Patio Homes located in El Paso County and Teller County Colorado for the week ending June 6th 2024. All active Single Family and Patio Homes 2,150 thats up by plus 122 week over week. Sold Single Family and Patio Homes in El Paso and Teller Counties 211 thats plus 13 week over week.tuesday real estate news june 7th 24 single fsam

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 456 thats minus 7 week over week. All sold Condos and Townhomes El Paso and Teller Counties this week are at 36 thats plus 11 week over week.tuesday real estate news june 7th 24 condosHomes available for sale located in Forest Meadows Colorado Springs CO 80908

https://team-secundy-colorado-springs-co.remax.com/areas/Forest_Meadows/CO

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
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Brad Secundy

Brad Secundy is a real estate agent who has been serving clients in the Pikes Peak Region for over 20 years. He is a licensed real estate broker in the state of Colorado and has extensive experience i....

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