Housing prices soar to another record high in Colorado Springs

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Colorado Springs-area homebuyers continue to dig deeper into their pocketbooks, as a historically low supply of properties listed for sale and strong demand send prices soaring. The median price – or midpoint – of Colorado Springs-area homes that sold in July climbed to $332,000, a 7.1% year-over-year increase and the fourth consecutive month that prices [.]

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In May, the median price – or midpoint – of homes sold during the month rose to $329,250, a 3.8% year-over-year gain and eclipsing April’s record of $328,000. Local prices have risen each month since December 2014 as the housing market has gained steam in post-Great Recession years.

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