Monday, September 03, 2007

Since August is officially over, some folks are probably wondering how the Colorado Springs homes sales statisitics looked. The official statistics are due out later in the week, but it would appear that the slowdown continues, with sales estimated to be approximately 18% below last August, at under 1000 units. The inventory continues at close to 7100 single family units available, although this will begin to shrink as the fall progresses and some sellers leave the market until next spring. Average (mean) price for August will be down between 4 and 5% over last August, at approximately $260,000, with the sale price / list price ratio running about 97.5%. I'll post the official numbers when they are available.