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Colorado Springs townhome and condo sales continue to be slow, down 28% for the year
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 a 11.6 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 427 townhomes/condos have been sold in 2009 vs. 579 for the same period in 2008; a decline of 28%.
Current Market Activity as of 5-31-09
- Active: 829
- Under Contract and Pending: 197
- Absorption Rate: 71.2 townhomes per month, a 11.6 month supply of townhouses currently on the market
This Colorado Springs Real Estate report contains information on Condos/Townhomes
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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To find out more information about selling or buying a townhome or condo in Colorado Springs and Manitou Springs
Call Kathy (719-287-1049) KTorline@msn.com
