"In October, home prices fell moderately from the month before, with a median listing price of $459,950. The number of listings on the market shrank 2.8% from last month, which is a bigger decrease than normal for this time of the year in Colorado Springs, and homes are also selling slower than at the same time last year."
"Typically, home price per square foot in Colorado Springs tend to rise in October. But the most recent data shows that the price per square foot decreased by 0.1% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Olympic City USA are smaller the national market."
"In October, there were 2,643 homes for sale in Colorado Springs, which was 2.8% less than the month before and 18.5% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. The number of new listings in Colorado Springs was 850, which was 4.4% more than the month before and 2.3% less than the same time last year. Nationally, the number of new listings fell by 2.7% from last month to 384,264."
Median listing price in Colorado Springs was $459,950 in October, reflecting a moderate month‑over‑month decline. Price per square foot decreased 0.1% from the previous month while the national price per square foot fell 0.8%. Active inventory totaled 2,643 homes, down 2.8% from the prior month and up 18.5% year‑over‑year. New listings numbered 850, rising 4.4% month‑over‑month but declining 2.3% year‑over‑year; national new listings fell 2.7% to 384,264. Homes in Colorado Springs averaged 65 days on market, five days longer than the previous month and 14 days longer than a year earlier; nationally the average was 63 days.
Read at SFGATE
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