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.
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.
Time on market
Homes in Colorado Springs take an average of 65 days to sell, according to October figures.
This is five days more than the previous month and 14 days more than the same month last year.
For comparison, nationally homes spent an average of 63 days on the market in October.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Colorado Springs, CO.