Market Report for September 2008, Single Family Homes

 

Homes Sold in September 2008:   1,315   (5.4% decline from 2007)  

  • Homes Sold in September 2007:   1,390

Average Sales Price:  $239,385    (6.2% decline from 2007)

  • Average Sale Price in 2007  $255,330

Total Active:   6,030 (10.9% decline from 2007)

  • Total Active in 2007:  6,767   

Sales Price vs. List Price:    96.8%   

Average Days on Market:     90

 

Recap of ALL Activity for Single Family Homes in 2008

Homes Sold from 1-1-08 to 9-30-08:  6,696 (15.95% decline from 2007)

  • Homes Sold from 1-1-07 to 9-30-07:  7,962 

Average Sales Price from 1-1-08 to 9-30-08:  $242,480 (7.4% decline from 2007)

  • Average Sales Price from 1-1-07 to 9-30-07:  $262,174     

Absorption Rate:   An average of 744 homes per month have been sold, which equates to an 8.1 month supply of houses currently on the market.   It’s currently a BUYER”S MARKET in Colorado Springs

 

Previous Posts

  • Broadmoor Homes, August Market Report
  • Broadmoor Homes, Market Report for September
  • Colorado Springs Old North End, Market Report for August
  • Colorado Springs Homes, August Market Report for Single Family Homes
  • Buying a home in Colorado — what you should know about making an offer
  • How does days on market affect home prices in Colorado Springs?

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    This Colorado Springs Real Estate report contains information on Single Family Homes.

    This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.

     

    To find out more information about selling or buying a home in Colorado Springs
    Call the All Star Team, Kathy (719-287-1049) or Nancy (719-659-4380)
    Ktorline@msn.com or Nancy.shakeshaftslack@gmail.com