February Home Sales Continue to Rise in Colorado Springs

Preliminary figures indicate homes sale rose again in Colorado Springs for the 7th consecutive month at a double digit pace of 13.5%. Prices were also up, though barely, with the average up .4%, and the median (1/2 above, 1/2 below), up only 2.7%. The inventory of unsold homes for sale dropped again, to 4,361 units or 12.7% below 2009 levels. The 90% percentile was a very soft $345,000, indicating that sales of higher end homes continues to be quite weak.
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