Colorado Springs Real Estate - Housing Trends
COLORADO SPRINGS MLS (AND PIKES PEAK REGION) HOUSING STATISTICS FOR
NOVEMBER 2010:
Nov 2009 Oct 2010 Nov 2010
Total Active Listings: 4,301 5,124 4,746
Total Sales: 794 631 542
Average Price: $ 214,062 $ 240,326 $233,286
Median Price: $ 187,950 $ 200,000 $198,000
Total active listings are up 10.0% over November 2009 but are down 8%
from October 2010. The sales trend continues at a much slower pace than
this time in 2009, down 32% from November 2009 and down 15% over
October. The Average sales continue trending upwards at is up 7% over
November 2009, but down slightly, 3% over October 2010. Median price is
up 6% over October 2009 and down 1% October 2010. The absorption rate
remains high at 8.75 months due to the reduction in sales.
The
media continues to pound the real estate market with doom and gloom
news. With historically low interest rates, buyers are able to purchase
a much larger home than if rates were 1 or 2% higher. It is a great
time to buy or to move up to a larger home.
(Source: Pikes Peak REALTOR Services Corp. monthly PPMLS Statistics)
MLS® Market Snapshot - Home Evaluator
With access to the Multiple Listing Service
(MLS) data I will provide you with what you
need to:
- Gauge how the market is trending
- Find out what sold most recently and
for how much - Understand how homes compete on
price with other properties selling in
the area - View homes for sale with photos to
better assess the market conditions
... and answer any pressing questions you
may have.
SEND ME AN EMAIL AT JUANITA@JUANITASIMKINS.COM TO SIGN UP FOR YOUR PERSONALIZED HOME EVALUATOR FOR COLORADO SPRINGS