While the real estate market across the country is still sluggish, Colorado Springs real estate agents have a reason to smile.  According to the Colorado Springs MLS listings, the housing market in the Pikes Peak region continues on a positive trend.

For February 2010, the total number of active listings went down by 14% compared to the same period last year, which means the inventory is tightening.  This should help sellers fetch higher prices this spring.  Also, total sales are up by 4% over 2009, and new construction in Colorado Springs increased by 45%!

This gradual shift to a more stable real estate market is just another sign of economic recovery in the region.  When compared with January’s sales, February’s active listings were only up by 4%, but the number of sales went up by 19%.  Part of this spike may be due to the impending deadline of the Federal Home Buyers Tax Credit at the end of this month.

Another positive indicator is the change in absorption rate from January to February.  The absorption rate represents the number of months it takes for a current active listing to sell.  In January the rate was 8.9 months, but it decreased to 7.6 months in February.

Based on recent trends in Colorado Springs new construction and a steady increase in new home sales, industry analysts have reason to believe that the spring and summer will be quite strong for Pikes Peak real estate.

If you have been considering a move to Colorado Springs, or you are considering putting your current home up for sale, the timing couldn’t be better.  Average sales prices are up, number of days on the market is down, and the “list price to sale price” ratio is creeping up slowly.  The best real estate investments are made at times like this, so why not check the Colorado Springs MLS today?