Home sales increased in El Paso County by 19.5% for the month of May when compared to the previous month of April which isn’t surprising since we are in the busy season of real estate for Colorado Springs. Compared this time last year, single family home sales are 20% higher.
There were 189 fewer single family home sales in May 2012. Compared to the previous month of April, the average sales price ($249,700) and the median sales price ($215,250) increased. Last May, the average sales price was $233,065 and the median sales price was $210,000. Low inventory is creating more demand and home prices have increased when comparing to last year at this time. Prices are climbing again in Colorado Springs.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed