Not looking like Santa delivered too many homes to people in Colorado Springs this Christmas.
Sales: 495, 23.1% fewer than December 2007
Average Sales Price: $227,376 – down 10.5% from December 2007. Sales prices compared to November 2008 were actually UP by 6.5%.
Median Sales Price: $180,000, down 16.2% from December 2007
Total Active Listings: 4,951, compared to 5,385 one year ago (down 8.1%)
For the year 2008, just over eight thousand homes were sold, compared to almost ten thousand in 2007 – a difference of -16.6%. The average sales price in 2008 ($239,204) was down 7.9% from 2007 ($259,629).
