2009 January 23 | Colorado Springs Vintage Homes Blog

Archive for January 23rd, 2009

Monument CO, Sales down 17% in 2007, Pricing down 10%

Market Report for Tri-Lakes, Single Family Homes

Includes Monument and Palmer Lake

Search for Homes in Monument and Palmer Lake The Tri-Lakes housing market continues to be a Buyer’s Market, as there is currently a 13.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET“. Sales are down 17% from 2007, but pricing is only down 10% from 2007.

Recap of December Activity

Homes Sold in the last month: 13

Recap of 2008, 2007, 2006, 2005, and 2004

	2008	2007	2006	2005	2004
Number of Homes Sold	383	469	630	675	673
Average Sale Price	$407,407	$450,756	$434,392	$418,258	$373,323

Sales Price to List Price	96	97.5%	98.2%	98.1%	98.4%
Average Days on Market	109	107	94	71	67
Average # of homes sold per month	31.9	39.1	52.5	56.3	56.1