Colorado Springs Vintage Homes Blog
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Archive for August 17th, 2009
Market Report for Homes in Monument, July 2009
Colorado Spring Real Estate
Market Report for Tri-Lakes – Single Family Homes, Includes Monument and Palmer Lake
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The Monument and Palmer Lake housing market continues to be a Buyer’s Market, as there is currently a 14.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales were down 17% from 2008 to 2007, but pricing was only down 10% from 2008 to 2007. Sales continue to be soft in 2009 and are down 31% from the same period last year.
