Updated as of 7/1/2010
Home sales in Colorado Springs in June of 2010 were up 4.7% over last year. The average price rose 7.5% at $242,315, and median price (1/2 above, 1/2 below) was up 5.3% at $205,000. This increase was likely the last we’ll see that can be attributed to in any way to the recently ended Home Buyer Tax Credit program. The 90th percentile was $397,500, indicating some continued improvement in the higher end sales, which are were not as affected by the tax credit program.
While sales improved, a troubling sign is that the inventory of unsold homes increased 14.5% over last June, indicating there are still quite a few sellers out there looking for buyers. The Selling Price to List Price Ratio also dropped, to 96.7%, indicating sellers had to come off of their asking prices a little harder in June than in past months.
For more details, see the Colorado Springs Homes Sales Trend Data
Colorado Springs Single Family Home Sales by Month
“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/05 through 6/30/10 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.” Copyright © 2010 REALTOR® Services Corp. Questions about this data analysis should be directed to Rick Van Wieren, RE/MAX Properties, Inc,1740 Chapel Hills Dr, Colorado Springs, CO 80920 ph 719-590-4768 or email rick@ricksellscolorado.com
