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Townhome market in Colorado Springs is finally starting to pick up
Colorado Springs Townhomes and Condos – June 2009 Market Report
Must Read Article: Townhome bargains in Colorado Springs
Search for Townhomes and condos in Colorado Springs
The Colorado Springs townhome and condo market continue to be a BUYERS Market, as there is currently a 8.7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. 563 townhomes/condos have been sold in 2009 vs. 566 for the same period in 2008.
| 1-1-2009 to 6-30-09 | 2008 | 2007 | 2006 | 2005 | 2004 | |
| Number of Homes Sold | 563 | 1062 | 1423 | 1767 | 1731 | 1548 |
| Average Sale Price | $152,214 | $158,272 | $173,372 | $166,335 | $152,901 | $148,947 |
| Sales Price to List Price | 95.2% | 95.9% | 97.4% | 98% | 98.9% | 98.8% |
| Average Days on Market | 108 | 104 | 98 | 92 | 75 | 70 |
| Total Active | 819 | 775 | 888 | 882 | 650 | 625 |
| Average # sold per month | 93.8 | 64.5 | 74 | 73.5 | 54 | 52 |
Current Market Report as of 7-28-09:
- Active: 819
- Under Contract and Pending: 194
- Absorption Rate: 93.8 homes per month, a 8.7 month supply of houses currently on the market
This Colorado Springs Real Estate report contains information on Townhomes/Condos.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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