Home sales increased by 2.7% in El Paso County for the month of October when compared to the previous month of September. Sales were 4.7% higher when compared to October 2011.
There were 36 additional single family home sales in October 2012 when compared to October 2011. There were also an additional 446 single family homes for sale in October 2011. Inventory levels continue to remain lower than they were around this time last year in Colorado Springs.
Compared to the previous month of September, the average sales price ($239,945) and the median sales price ($211,650) increased. Last October, the average sales price was $221,534 and the median sales price was $185,000. Multiple offer situations continue to drive home sale prices upward.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed