"In November, home prices fell moderately from the month before, with a median listing price of $450,000. The number of listings on the market shrank 4.2% from last month, which is a smaller 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."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Olympic City USA are outpacing the national market. Colorado Springs inventory In November, there were 2,526 homes for sale in Colorado Springs, which was 4.2% less than the month before and 15.0% more than the same time last year."
"Time on market Homes in Colorado Springs take an average of 68 days to sell, according to November figures. This is three days more than the previous month and 10 days more than the same month last year. For comparison, nationally homes spent an average of 64 days on the market in November."
In November, home prices in Colorado Springs fell moderately from the prior month, with a median listing price of $450,000. The number of listings on the market decreased 4.2% month-over-month, a smaller seasonal drop than normal, while active listings were 15.0% higher than the same time last year. Price per square foot in Colorado Springs rose 1.4% month-over-month, outpacing a 1.2% national decline. There were 2,526 homes for sale in November. Homes took an average of 68 days to sell, three days longer than the previous month and ten days longer than a year earlier; nationally the average was 64 days.
Read at SFGATE
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