Real Estate News for Colorado Springs January 2020
Local Real Estate News
National Real Estate News
In November 2020, pending home sales were down 2.6% month-over-month.
November 2020 brought 6.69 million in sales, a median sales price of $310,800, and 2.3 months of inventory. The median sales price is up 14.6% year over year, and inventory is down 1.4 months from November 2019.
The 30-year fixed-rate mortgage remained flat this week after reaching a new record low a week earlier to an average of 2.71%. NAR forecasts the 30-year fixed-rate mortgage to average 2.9% and 3.0% in the first and second quarter of 2020, respectively.
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By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs