Home sales increased by 8.4% in El Paso County for the month of February when compared to January and sales were 14.7% higher when compared to February 2011.
There were 66 additional single family home sales in February 2012 when compared to February 2011. There were also an additional 1,091 single family homes for sale in February 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 January, both the average sales price ($212,551) and the median sales price ($176,750) increased. Last February, the average sales price was $235,684 and the median sales price was $190,457. Buyers are taking the opportunity to purchase a home with the low interest rates and home prices.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed