Ok, now it's official. The Colorado Rockies ARE in the playoffs, and the September real estate statistics are in. Personally, I'm liking the Rockies story better. After an amazing end of season run that forced the tie breaker game, winning the coin toss for home field, and being down 2 runs in the 13th inning, what a great way to end the regular season! I'm sure this team will be remembered for years to come as the team that would not quit.
The real estate statistics? Sales were down 21.7% from last year. Inventory was up 14.1% (the official number was 6767 single family units for the end of the month). The median sales price was down 2.3% at $210,000, and the average (mean) sales price was down 5.4% at $255,330. This sort of reminds me of a snow storm, where they tell you how much has fallen at various places so far, and it's still coming down!
The good news is that interest rates remain at around 6.25%, which is a very good number. El Paso County bond money is available again for first time homebuyers, with up to 4% down payment / closing cost assistance (call for details on that one, restrictions do apply!) And we have lots of homes that are eligible for very low down payment financing. And sellers seem to "get it" a little bit better right now than earlier in the year. It is easier to make an offer, and expect a reasonable response.