Homes sales increased by 17.5% in El Paso County for the month of May when compared to April 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 8 additional single family home sales in May 2008 when compared to total single family home sales for May 2009. There were an additional 1,354 single family homes on the market back in May 2008!
The average ($220,983) and median ($189,130) sales price increased when compared to the previous month of April. Once the number of sold foreclosure properties decrease, we should see the average and median sales price in Colorado Springs continue to increase.
The real estate market is improving and if you are thinking to purchase a home don’t delay; interest rates are beginning to climb again as are home prices.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats