This is a brief overview of all single family/patio homes for the buyer, investor and/or seller who wish to participate in the Colorado Springs Real Estate market.
When comparing the new listing and sales data from January 2010 to January 2011, here are some very positives numbers to consider, given the ongoing geo-political events, such as the Egyptian protests about radicalism, around the world:
- New listing inventory for January 2011 is 1,202, which is down about 15.9% from January last year.
- The actual sales during the month of January is virtually the same with only a difference of 0.9%, in which January this year (460) is 4 less sales than January last year (464).
- Again, the close to 1% difference is also noted in the median sales price, in which January this year is slightly higher than last year at $180,000.
- Total active listings are almost identical from December 2010 (4,327) to January 2011 (4,326).
With many of the numbers closely related to the January 2010 figures, there is much optimism, given the market sales, as well as the stability about home prices reflects some momentum changes forward, and this is without any federal tax credit stimulus for the buyer.
Also, sellers are carefully listing their homes and are willing to negotiate, understanding that there is some “give-and-take” when it comes to getting the home off the market and finished at the closing table.
Personally, I suspect a similar Colorado Springs Real Estate market performance this year as compared to last while our nation tries to recover from its unemployment woes, as some economic strategists are hopeful that the jobless figures might plunge under 9% before the 4th quarter begins.
“Based on information from the Pikes Peak REALTOR® Services Corp. (RSC), for the period January 2010 through January 2011. RSC information may not reflect all real estate activity in the market and is provided as is without warranty or guaranty.”