Home sales increased by 16.1% in El Paso County for the month of December when compared to November!
There were only six fewer single family home sales in December 2010 when compared to December 2009. There were 376 fewer single family homes for sale in December 2009. Home sales typically decrease during this time of year since we are in the slower season for real estate in Colorado Springs but we should start seeing a pickup in sales as we enter spring.
Compared to the previous month of November, the average sales price ($232,939) slightly decreased while the median sales price ($198,500) slightly increased. In December 2009, the average sales price was $223,143 and the median sales price was $192,500.
Total single family home sales were 6.4% lower (560 fewer sales) in 2010 when compared to 2009. Even when comparing to 2008, total single family home sales were 1.8% lower (154 fewer sales). Going back five years, sales were 31.3% lower (3,726 fewer sales). Although there were fewer single family home sales in 2010, both the average and median sales price have been steadily climbing which is a good sign.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed