-The Median Home Price in Colorado Springs moved 9.7% higher than October of last year ($255,625 to $280,538) … that’s about what we are seeing all months combined (year to date).
-Inventory continued to trend down … normal as we head into fall … the overall trend from last October continues downward as well (1.8 to 1.4 months of active inventory).
-October was the second time in the last eight months that average sold-to-list price was LESS than 100% …
Sold Price/List Price: 99.5% (down slightly from September)
Median Sales Price: $280,538 (9.7% increase from October 2016)
Average Time on Market: 29 days (38 days in October 2016)
The above post “Colorado Springs Market Report – October 2017” was provided by Kevin Guerrero of Keller Williams Clients’ Choice Realty. To find out more about Kevin and Keller Williams check out the ABOUT US page. You can check out my Zillow Reviews too. To get a complimentary home valuation click HERE.