COLORADO SPRINGS MLS (AND PIKES PEAK REGION) HOUSING STATISTICS FOR MARCH 2011:
Mar 2010 | Feb
2011 |
Mar
2011 |
|
Total Active Listings: |
4,773 |
4,315 | 4,470 |
Total Sales: |
723 |
448 | 776 |
Average Price: |
$215,625 | $235,684 | $211,426 |
Median Price: |
$194,450 | $190,457 | $180,000 |
The Colorado Springs Real Estate Market for March showed a nice
increase in closings over February, a 43% increase. There was
also a slight increase in active listings over February of 4% but
average sales price was down 10% and median sales price was down
6%. As the experts say, we are bouncing along the bottom.
When we see the average and median prices continue up month over month,
then we can claim that our market has recovered.
New home starts are up 50% over February
but down 17% over March 2010 with 157 new single family permits issued
in March.
Interest rates continue to
average around 4.75% to 5% 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 0.5%.
National Market Update for March 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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