Market Update for Colorado Springs, Nov 2013
By Luther
December 3, 2013

The number of homes sold in the Pikes Peak region was down 4.3%% in November which is the first month this year for a decline. There are currently 3679 active single family listings on the market in the Pikes Peak region compared to 3322 last year at this time a 10.7% increase. New listings on the market were down 4.9% .The average sales price is up 6.9% to $249,932.

The median single family sales price is up 8.4% compared to last year in November (same number of homes sold above as below).

There are currently 389 active condo/townhomes listings on the market compared to 330 last year at this time which is a 17.9% increase. Sales were up 21.7% compared to last November. The average purchase price for condo/townhomes was up 13.2% to $171,330.

Our year to date average increase in sales so far is 19.7% and the average purchase price increased 6.9% over last year during the first 11 months.

Access Real Estate Professionals inc

Luther Benson - Broker/owner