COLORADO SPRINGS MLS (AND PIKES PEAK REGION) HOUSING STATISTICS FOR JANUARY 2011:
| Jan 2010 | Dec 2010 | Jan 2011 |
|
| Total Active Listings: |
4,120 |
4,327 | 4,326 |
| Total Sales: |
464 |
629 | 460 |
| Average Price: |
$211,008 | $232,939 | $210,879 |
| Median Price: |
$178,290 | $198,500 | $180,000 |
The Colorado Springs Real Estate Market for January showed the traditional holiday slow down that carried over to January closings.
Active listings for Colorado Springs are up 5% over January 2010 with no significant change over December 2010. Number of sales in Colorado Springs were the same as January 2010 but 27% lower since December. Average sales price and median sales price are the same as one year ago and 9.5% and 10% lower from December. Number of distressed sales have declined 16% from both one year ago and since December.
Interest rates continue to average around 4.75% for a 30 year fixed conventional loan, making this a great time for first time home buyers and those moving up to a larger home. Buyers may also qualify for the KW Stimulus Program which could lower the interest rate as much as 5%.
National Market Update for December 2010.
Based on information from the Pikes Peak REALTOR Services Corp. (RSC). RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
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