Home sales decreased by 7.7% in El Paso County for the month of August when compared to the previous month of July. Sales were 7.9% higher when compared to August 2011.
There were 66 additional single family home sales in August 2012 when compared to August 2011. There were also an additional 621 single family homes for sale in August 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 July, the average sales price ($235,711) and the median sales price ($210,500) decreased. Last August, the average sales price was $221,371 and the median sales price was $191,000. Multiple offer situations are driving home sale prices upward.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed