Home sales decreased by 14.9% in El Paso County for the month of November when compared to October and sales were 19% higher when compared to November 2010.
There were 103 additional single family home sales in November 2011 when compared to November 2010. There were also an additional 1,079 single family homes for sale in November 2010. Inventory levels continue to remain much lower than they were around this time last year in Colorado Springs.
Compared to the previous month of October, the average sales price ($218,230) decreased and the median sales price ($185,000) remained the same. Last November, the average sales price was $233,286 and the median sales price was $198,000.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed