Market Update for Colorado Springs May 2014
By Luther
June 6, 2014

There are currently 4009 active single family listings on the market in the Pikes Peak region compared to 3645 last year at this time which is a 10% increase. New listings on the market were down 10.1%.The average sales price is down 2.6% to $243,230. Sales were up .9%. The cumulative year to date average price is up .6% and YTD sales down 4.4%.

The median single family sales price was up .5% compared to last year in May (same number of homes sold above as below).

There are currently 425 active condo/townhomes listings on the market compared to 424 last year at this time which is a .2% increase. Sales were up 33.3% compared to last May. The average purchase price for condo/townhomes was down 11.1% to $174,152

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