Home sales increased by 8.4% in El Paso County for the month of April when compared to March and sales were 4.8% higher when compared to April 2011.
There were 36 additional single family home sales in April 2012 when compared to April 2011. There were also an additional 1,197 single family homes for sale in April 2011. Inventory levels continue to remain much lower than they were around this time last year in Colorado Springs.
Compared to the previous month of March, both the average sales price ($221,125) and the median sales price ($192,525) increased. Last April, the average sales price was $215,466 and the median sales price was $184,950. Buyers are taking advantage of the opportunity to purchase a home with the current low interest rates and home prices.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed