Home sales increased in El Paso County for the month of March when compared to the previous month of February which isn’t surprising since we are in the busy season of real estate for Colorado Springs. Compared to the same time a year ago, single family home sales were 20% higher in March 2013!
There were also an additional 225 single family homes for sale in March 2012. Inventory levels continue to remain lower than they were around this time last year in Colorado Springs.
Compared to the previous month of February, the average sales price ($239,623) and the median sales price ($212,000) increased. Last March, the average sales price was $217,097 and the median sales price was $189,000. Low inventory is creating higher demand and home prices are higher than 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