Home sales decreased by 3.6% in El Paso County for the month of April when compared to March. Compared to one year ago, April sales were 5.6% lower.
There were 44 fewer single family home sales in April 2011 when compared to April 2010. There were also 567 additional single family homes for sale in April 2010. In order for the market to stabilize and to create more demand, inventory levels need to remain low while home sales continue to increase.
Compared to the previous month of March, both the average sales price ($215,466) and the median sales price ($184,950) increased. Last April, the average sales price was $220,105 and the median sales price was $187,500.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed