Market Report for September 2008, Single Family Homes

 Get a Free Market Analysis on your Home, Email KTorline@msn.com  or call 719-287-1049

 

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

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To find out more information about Colorado Springs, Call ……
Kathy (719-287-1049)   KTorline@msn.com