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.
Home prices in Colorado Springs
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.
Colorado Springs inventory
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…