An Explanation of Days on Market
A definition of Days on Market (DOM) is the quantity of days a property has been on an Active status in the multiple listing service. The average days on market for homes in Colorado Springs is currently 90 days; but this number varies neighborhood-by-neighb
orhood and it varies by different price categories. As an example:
- Briargate Days on Market: 99
- Black Forest Days on Market: 115
- Central Days on Market: 79
- Manitou Springs Days on Market: 124
- Northwest Days on Market: 96
- Fountain Valley Days on Market: 84
- Falcon Days on Market: 100
- Tri-Lakes Days on Market: 107
- Powers Days on Market: 83
- West Days on Market: 83
- Northgate Days on Market: 88
- Old Colorado City: 90
- Southeast Days on Market: 76
Days on Market will also vary in different price categories in different areas. As an example:
Old Colorado City area has had over 196 houses sold in the last 6 months; and the DOM for the area is 113
- 175 of these properties were priced under $300,000; and the DOM for this price range is 107 days
- 21 of these properties were priced from $300,000 to $500,000; and the DOM's for this price range is 160 days
Briargate area has had over 392 houses sold in the last 4 months; and the DOM for the area is 99.
- 232 of these properties were priced under $300,000; and the DOM for this price range is 79 days
- 143 of these properties were priced from $300,000 to $500,000; and the DOM's for this price range is 123 days
- 17 of these properties were priced over $500,000, and the DOM's for the price range is 142 days.
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www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com
Colorado Springs Real Estate
Posted by KAT
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