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Townhome pricing continues to decline in Colorado Springs
Colorado Springs Townhomes and Condos
Must Read Article: Townhome bargains in Colorado Springs
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The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently an 13 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”.
Recap of 2009, 2008, 2007, 2006, 2005, 2004
| 1-1-2009 to 3-31-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 182 | 1062 | 1423 | 1767 | 1731 | 1548 |
| Average Sale Price | $136,244 | $158,272 | $173,372 | $166,335 | $152,901 | $148,947 |
| Sales Price to List Price | 95.6% | 95.9% | 97.4% | 98% | 98.9% | 98.8% |
| Average Days on Market | 100 | 104 | 98 | 92 | 75 | 70 |
| Total Active | 862 | 775 | 888 | 882 | 650 | 625 |
| Average # of houses sold per month | 60 | 64.5 | 74 | 73.5 | 54 | 52 |
Current Market Activity
- Active: 862
- Under Contract and Pending: 179
- Absorption Rate: 66 homes per month, a 13 month supply of houses currently on the market
This Colorado Springs Real Estate report contains information on condos and townhomes
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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Kathy (719-287-1049) KTorline@msn.com
