November proved to be another great month for the Colorado Springs real estate market. The median and average home prices were up, at $325,000 and $365,218 respectively. Sales were up 8.39% even though inventory was down a whopping 24%! As of December 1st, there are 1,687 homes for sale and 1,756 homes pending.
Interest rates remain extremely low, as well as unemployment. Homes are selling fast, especially those in the more affordable price ranges.
It is a great time to buy or sell a home here in Colorado Springs!