October Real Estate Conditions
2018-11-02
Prices for Colorado Springs real estate continued to jump in October, with the average price up 9% at $345,770 and the median up 8.7% at $305,000. The months supply of homes for sale is now 1.8. This is a very low level, well below what is typically termed a normal market. There is a growing disparity between the median price of listings in the inventory, vs the median price of the listings that are actually sold. This could point to a new affordability gap at the low end of the market. As more affordable homes become scarce, buyers may be finding it more difficult toRead More →
