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Colorado Springs Real Estate Market Report – November 2009

By in Market Reports

Homes sales increased by 2.7% in El Paso County for the month of November when compared to October 2009.

There were 295 additional single family home sales in November 2009 when compared to November 2008!  There were also an additional 1,246 single family homes for sale in November 2008.  Despite the market inventory being lower, home sales have increased.

The average sale price ($214,062) slightly increased while the median sale price ($187,950) sales price slightly decreased when compared to the previous month of October.  The average sale price increased by $710 and the median sale price only decreased by $45.

Many first time home buyers were eager to close on their homes by the November 30th deadline for the tax credit since there was uncertainty on its extension, thus affecting the home sales for November.
Homes $200,000 and below are still selling more quickly due to increased first time home buyer traffic. Now with the buyer tax credit being extended through June 30, 2010, we can expect to see more home buyers enter the real estate market.

Single Family Home Sales for El Paso County - November 2009

*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed

Patio homes are included in these stats

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For further information on available Homes in Colorado Springs contact your Colorado Springs Real Estate Agent, Patricia Beck.

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