Find Out your Colorado Springs Home Value
The Colorado Springs real estate market continues to improves for Sellers in October. Home sales were up 4.75% from last year, and the median price was up 14.4%! This is the 8th consecutive month where prices have risen compared to the prior year. The inventory of unsold homes continues to be very low, down 11.3% and under a 5 month supply at the October sales rate. October building permits for detached single family homes were up 53.2%, as more buyers choose new construction to compensate for fewer homes on the market. Apartment vacancy rates were reported lower and rents were up for the 3rd quarter.
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