This is hot off the press, the Colorado Springs real estate sales statistics have just been posted by the Pikes Peak Association of Realtors, and it is a little bleak.
1. Sales were down 21.1% from last August, at only 945 single family homes sold
2. Inventory was up 16.7% over last year at this time, already a somewhat glutted market
3. Prices were down 4.8% for the average (mean) single family home at $259,095 and the median (1/2 above, 1/2 below) was down 2.2% at $220,000.

The good news? Year to date sales were down only 15.2%, and prices were actually still up an average of 1.7% (the YTD mean was $262,848). Let's hope for a break on interest rates and some good local economic news to get us past this!