Colorado Springs Vintage Homes Blog
Colorado Springs Real Estate, Colorado Springs Real Estate Investments, Colorado Springs realty
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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 |
Current Report as of 1-15-09 in Tri-Lakes
- Active listings: 428
- Under Contract and Pending: 39
- Absorption Rate: 31.9 homes per month, a 13.5 month supply of houses currently on the market
This Colorado Springs Real Estate report contains information on Single Family homes in Palmer Lake.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
Must Read Posts:
- Buying a home in Colorado – what you should know about making an offer
- How does days on market affect home prices in Colorado Springs?
If you enjoyed reading this article, why not To find out more information about Real Estate in the Colorado Springs area, Call ……
Kathy (719-287-1049) KTorline@msn.com
