The preliminary numbers are in, and it was another brutal month on the statistics front, at least for sellers. In summary:
Unit Sales – down 23.1% from last December
Average Price – down 10.5% from last December
Median Price – down 16.2% from last December
The inventory of unsold units has dropped to its lowest level in 2 years, giving some hope that once we sell through the backlog of foreclosure properties, things should bounce back fairly well. Interest rates are great, prices are great, selection is great, so this is a great time to buy a house in Colorado Springs! Even the weather is great, it was almost 60 again yesterday!
For more complete statistics, click here.
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