COLORADO SPRINGS MLS (AND PIKES PEAK REGION) HOUSING STATISTICS FOR MAY 2011
| May 2010 | Apr 2011 | May 2011 | |
| Total Active Listings: | 5,550 |
4,580 |
4,713 |
| Total Sales: | 888 |
748 |
780 |
| Average Price: | $232,648 | $215,466 | $213,500 |
| Median Price: | $194,450 | $184,950 | $185,000 |
The Colorado Springs Real Estate Market for May showed a 3% increase in active listings over April, 4% increase in sales, 1% decrease in average sales price, no change in median price.
With relation to one year ago, The total number of active listings is down 15%, the number of sales is down 12%, average sales price is down 9%, and median sales price is down 5%.
New home starts are down 12% from April and 13% from one year ago.
Interest rates made a short dip to 4.5% earlier in May but continue to average around 4.75% to 5% for a 30 year fixed conventional loan. With the low interest rates and lower prices, home affordability for many consumers is very good.
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