No wonder buyers are frustrated! We are still experiencing low inventory, which results in multiple offer situations. There is less than one month of inventory until you get to $300K. The average sale price for September was $309,698, with the median price being $275,000. A year ago, the average price was $291,342, with the median at $264,000. A normal balanced market is ~5.5 months of inventory. Below are a couple statistics tables that will give you an idea of what the market is doing here in El Paso County.
One thing is for sure – Colorado Springs is an awesome place to live, work, and play. The El Paso Co Unemployment Rate is low. Our weather is never boring. Utilities and grocery costs are fair. Who wouldn’t want to move here and make this their new home???
September 2017 Statistics – Supply by Price
September 2017 Statistics – Listings Sold by Price
Have a great day! Feel free to call me at 719-649-4762 with any real estate questions. ~Roxann