In a recent post, I commented on the healthy housing market, here in Colorado Springs. I thought that I would check in on the November 2005 – November 2006 housing market has changed, and we have seen some slowing and some pick up. This data was taken from the existing single family home statistics from our local Pikes Peak Association of Realtors. I have not included new home sales in this research.
– The average sales price rose 8.7% -from $223,624 in Nov.2005 to $243,064 in Nov.2006.
– New listings have dropped from 1,151 in Nov. 2005 to 1,085 in Nov. 2006.(down 5.7%)
– The median sales price rose from $195,800 (Nov.2005) to $197,750 (Nov.2006)
– Overall Sales have dropped 14.5%- from 795 transactions in Nov. 2005 to 680 transactions in Nov.2006
These numbers are not staggering, by any means – but shift happens and keeping an eye on the market and adjusting for needed changes is always important.