The Pikes Peak Association of Realtors typically posts a report on its website at the beginning of each month that shows home sales, prices and other statistics related to the previous month’s buying and selling activity in the Colorado Springs area. However, because of a new Multiple Listing Service the Realtors Association is putting in place, there have been no reports posted for February or March.
Some local real estate agents, however, track buying and selling activity based on data they pull on their own from the Pikes Peak Realtor Services Corp., the research arm of the Realtors Association. Their reports are unofficial. Still, they provide insight into the single-family home re-sale market over the past few months.
According to data posted by Rick Van Wieren of Re/Max Properties , single-family home sales and prices both declined in February and March. In February, home sales totaled 573, down 13.7 percent from the same month a year earlier; March’s 832 sales dipped 0.6 percent over March 2013. Sales now have fallen for five straight months.
February’s median sales prices of $196,000 slipped 1.5 percent from February 2013; March’s median price of $211,900 was nearly unchanged from the same month a year earlier.
Again, Van Wieren’s numbers are unofficial.