What trends have we seen in the Colorado Springs market lately? Is now a good time to buy or sell real estate? These are the questions many people have about our current market, and we have the most recent data to try to answer them for you.The average sold price for homes in Colorado Springs was $266,340, which is up 4% over last year. The median price is also up 4% over 2014, sitting at $234,000. Not only are prices rising, the number of homes sold is up 19% over this time last year. We've sold a whopping 11,332 so far in 2015 as compared to only 9,542 at this point last year.The great news for homeowners doesn't stop there. The average days on the market dropped 19% since this time last year and currently sits at 71 days. All in all, now is a great time to list your home; conditions are ripe for a quick and profitable home sale.On the buyers side, if you're looking for a home $500,000 and up, you have a distinct advantage, as homes are not going as quickly in that price bracket. When taking historically low interest rates into account, now is a great time to upgrade affordably.This is just a brief overview of the current market. If you would like a more in-depth analysis, please don't hesitate to reach out to us. We're always available to chat!