"In May, home prices rose slightly from the month before, with a median listing price of $482,000. The number of listings on the market grew 13.2%, which is a smaller increase 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 fall in May."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in Olympic City USA are lagging behind the national market. In May, there were 2,181 homes for sale in Colorado Springs, which was 13.2% more than the month before and 43.6% more than the same time last year. Meanwhile, active inventory across the nation rose by 8.0% from last month to 1,036,101."
In May, the median listing price in Colorado Springs was $482,000, a slight increase from the previous month. Price per square foot in Colorado Springs decreased 0.7% month over month while the national price per square foot rose 0.5%. Active inventory in Colorado Springs reached 2,181 homes, up 13.2% month over month and 43.6% year over year. New listings numbered 1,216, down 6.0% from the prior month and up 5.4% year over year. National active inventory rose 8.0% to 1,036,101 and national new listings fell 1.4% to 465,096. Homes in Colorado Springs averaged 37 days on market, seven days longer than a year earlier; the national average was 51 days.
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