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COLORADO SPRINGS MLS (AND PIKES PEAK REGION) HOUSING STATISTICS FOR MARCH 2011

By
Real Estate Agent with Keller Williams Clients Choice Realty, Colorado Springs, CO #FA100003680


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.

With relation to one year ago,  the number of active listings for March 2011 are down 6% over March 2010, sales are up 7%, average sales price is down 2% and median price is down 5%. 

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.


COS Chart 1 Colorado Springs Real Estate

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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