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COLORADO SPRINGS, COLO. -- After years of being a buyer's market in Colorado Springs experts say the tables are turning.

Over the last six months the market has transformed into a neutral market and is now turning into a seller's market.

"A neutral market is where it's pretty balanced between buyers and sellers. Price stays stable," Hank Poburka, Chairman of the Board of Pikes Peak Association of Realtors, said. " We see that usually for just short periods of time."

For the last five years buyers have had the advantage.

"That has had to do with a lot of things. Lots of foreclosures, lots of short sales, lots of hardships, and interest rates really made a big change too," Poburka said.

Now sellers are getting their big break.

"We have very low inventory and very low interest rates and that's causing demand to be high," Poburka said.

Poburka said there are currently only 3,400 homes on the market, down drastically from an average of more than 6,000 around five years ago.

"I do not recall a time it's been that low. You'd have to go many many years back to get a low inventory like that," he said.

Ken Polke who just sold his home said he felt like it was the right time to sell.

"I felt that it was probably the best time to sell given that the market is starting to improve, and so we went into this saying however long it takes to sell it it will be ok," Polke said.

Polke's home sold after about six months and he said anyone looking to sell just needs to be patient.

"The thing that a lot of folks told me was just take it one day at a time. Be willing to make some adjustments some compromises but not too much, because the market again is improving and someone who really wants to buy your home will buy it," Polke said.

According to Poburka homes priced under $200,000 are selling the fastest.

Despite the new called seller's market experts said it's still not a bad time to buy.

Interest rates remain low and buying a home now could be an excellent investment.

"Because of the demand we're starting to see the prices go up so a buyer today can expect to start seeing some appreciation which we have not seen for several years," Poburka said.