May through July 2008
Absorption Rate: 1.33%
Home Inventory: 5.26 months
List Price vs. Sale Price Ratio: 98.1%
Patricia Beck – Selling Colorado Springs Homes
Home sales for the month of July in El Paso County increased to 886 single family home sales. Home sales have continually increased over the past few months in the Colorado Springs area.
Home Sales have increased by 66% in El Paso County when comparing this month's sales to January 2008 sales.
Patricia Beck – Selling Colorado Springs Homes
Although the median sales price in Colorado Springs increased in May to $210,900, it is still lower than the median sales price of $216,475 from May 2007.
Total home sales have dropped approximately 8% when comparing sales so far this year to those of last year (January-May).
On a positive note, home sales have been steadily increasing over the past few months in Colorado Springs.
Providing real estate information and services for Colorado Springs home buyers and sellers.
