Homes sales increased by 25% in El Paso County for the month of April when compared to March 2009. Home sales should continue increasing now that we have entered the busy time of year for real estate in Colorado Springs.
There were only 64 additional single family home sales in April 2008 when compared to total single family home sales for April 2009. Although home sales were slightly higher this time last year, there were an additional 1,166 single family homes on the market! Have we already seen the bottom of the real estate market in Colorado Springs? The real estate market appears to be improving but only time will tell.
The average ($210,141) and median ($180,000) sales price decreased when compared to the previous month of March. Once the number of sold foreclosure properties decrease, we should see an increase in the average and median sales price in Colorado Springs.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats