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Springs is 55th most searched real estate market

Tue, Apr 17, 2012

News

Colorado Springs was the 55th most searched real estate market in the country dfuring March, according to Realtor.com statistics released today.

The most searched market was Chicago, followed by Detroit, Los Angeles—Long Beach and Philadelphia.

Denver was the 23rd most searched real estate market in the country and Boulder ranked 107th.

Realtor.com surveys up to 250 metro service areas each month and reports the data from those markets, according to a release from the online real estate database.

The median list price of homes in Colorado Springs was $220,000, a 10 percent increase over March of 2011 and a 0.69 percent increase over February of this year. The national median list price was $189,900, a 5.56 percent increase over March of 2011.

The active sale inventory in Colorado Springs dropped 25.13 percent from March of 2011. That mirrored national statistics, where inventory numbers fell 21.48 percent.

Homes also spent less time on the market before selling, according to Realtor.com data. The median age of inventory in Colorado Springs was 68 days in March, 24.44 percent lower than in March of 2012.

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