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.
Home prices in Colorado Springs
Typically, home price per square foot in Colorado Springs tend to rise in November. And the most recent data shows that the price per square foot increased by 1.4% compared with the month before.
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.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
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.
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.