Monument Real Estate Stats for March 2008

Although Monument is generally considered to be part of the Colorado Springs market, those that work in area know it can at times be very different. So, I want to outline what the Monument market looked like in the month of March.

• There are currently 437 Active (Existing) homes available in the Tri-Lakes area, this includes Border Shadow Areas

• There are 261 New Listings Year to Date 

• The Average Listing Price in the area is $549,133 YTD

• There are 45 Sales YTD

• The average sales price is $385,433 YTD

• The average number of Days on Market is 113 YTD

• The percentage of List Price to Sales Price is 96.82%

There is currently a lot of inventory on the market in the Tri-Lakes/Monument market. With fewer new listings coming onto the market in March and the busy Spring selling season just around the corner, we should see a significant reduction in the area's listing inventory, through September.

Advice For Monument Homebuyers: Use this window of time to find the home you want, in the area you want at the price you want. If you wait much longer, you may miss the opportunity.

 Advice For Monument Home Sellers: Price your home well, Stage it well, Market like mad and most importantly WORK ALL OFFERS!

Courtesy Joe Boylan: http://www.SpringsHomes.com