The Academy School District 20 Real Estate Market - June 2012
There are currently 577 active listings, 292 pending sales, and 124 sales in the Academy School District 20 area for the month of June. The pending ratio is high at 33%. The pending ratio represents the supply and demand of the market. The higher the ratio, the greater the demand. A low ratio indicates more supply than demand.
The average sales price to list price ratio is a healthy 98.8%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is $327,968 and the median sales price is $310,000, these numbers are up 10% and 5% respectively over the previous month.
Average days on market are down for Academy School District 20 with 4.6 months of inventory.
We can expect Colorado Springs and Academy School District 20 to shift to a sellers market with the tragic fires in Mountain Shadows. It is anticipated that some of these home owners will decide to move rather than re-build. Additionally, the rental market will be much more competitive with vacancy rates dropping as the fire victims find rental properties to live in while they re-build.
For the complete report visit Academy School District 20 Real Estate Market Report.