Single family home sales were up in January by 12.3% over a year ago at 464 units (preliminary data). Prices were also up, with the mean up 6.2% ($211,008) and the median (1/2 above, 1/2 below $178,250) up 3.0%. January of 2009, in fairness, was a terrible month. This January and last January, were in fact, the 2 worst months of home sales since 1998 in Colorado Springs. Still, year to year comparisons are sometimes good, to remember that we do have seasons to our market, and January is always the worst month of the year. It only gets better from here!
Please see Market Conditions for additional details.