Unlike last month, El Paso County didn’t see a significant drop in single family home sales for the month of December; there was a 23.1% drop in single family home sales in November 2008. There has been an overall 44% drop in single family home sales for El Paso County when looking back six months to July 2008. Keep in mind, total home sales do normally decrease during the winter months in Colorado Springs.
There were 149 more single family home sales in December 2007 when compared to total single family home sales for December 2008. Although there were fewer sales than this time last year, there were an additional 434 single family homes on the market in December 2007.
Compared to the previous month of November, the average ($227,376) sale price increased while the median ($180,000) sales price decreased. The median sales price was last seen at $180,000 in November 2003. El Paso County closed out the year with 8,339 total single family home sales; 1,656 fewer sales than in 2007.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed