Categories
- For Buyers
- For Sellers
- Colorado Springs
- Foreclosures and Short Sales
- Colorado Springs Homes
- Military
- Mortgage and Finance
- Real Estate Dictionary
- Uncategorized
Kathy on Twitter
Colorado Springs
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.
If you enjoyed reading this article, why not Subscribe to be notified of the next one?
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?
To find out more information about Colorado Springs, Call ……
