Market Update Jan 2013 Colorado Springs
By Luther
February 12, 2013

The number of homes sold was up 39.2% in Jan 2013 compared to Jan 2012. The average sales price in January 2013 improved to $227,575 which is up 11.1% compared to Jan 2012.

There are currently 2930 active single family listings on the market compared to 3157 in Jan 2012, which is a 7.2% decrease. A decrease in listings is good because it drives demand up.

The median single family sales price (same number of homes sold above as below) was up 19% compared to Jan 2012.

Condo/Townhomes sales were actually down 3.9% but the average price was up 9.8% with the median price improving 1%. Total active listings were down 6.9%.

Volume is already up 54.7% over last year at this time.

The average “days on market” is now 79.

82% of the homes sold in January were under $300,000.

Don’t wait for the opportunities in this improving market. With prices and sales up and rates edging up slightly this is a great time to sell and/or buy.

Luther Benson - Broker/Owner

Access Real Estate Professionals Inc.

23 Years of Experience

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