Home sales decreased by 19.2% in El Paso County for the month of September when compared to August and sales were 11.4% higher when compared to September 2010. Just as we’ve seen over previous years, home sales tend to decrease this time of year due the start of the school year.
There were 69 additional single family home sales in September 2011 when compared to September 2010. There were 1,360 additional single family homes for sale in September 2010. Inventory levels continue to remain much lower than they were last year in Colorado Springs.
Compared to the previous month of August, the average sales price ($218,526) and the median sales price ($187,250) decreased. Last September, the average sales price was $230,419 and the median sales price was $195,000.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed