Home sales increased by 12.8% in El Paso County for the month of October when compared to September and sales were 20% higher when compared to October 2010.
There were 127 additional single family home sales in October 2011 when compared to October 2010. There were also an additional 1,165 single family homes for sale in October 2010. Inventory levels continue to remain much lower than they were around this time last year in Colorado Springs and that is a good sign.
Compared to the previous month of September, the average sales price ($221,534) increased and the median sales price ($185,000) decreased. Last October, the average sales price was $240,326 and the median sales price was $200,000.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed