Colorado Spring Real Estate
Market Report for Northwest
Single Family Homes
The Northwest housing market continues to be a BUYERS Market, as there is currently a 7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET". Sales are down 15% from 2007, but average pricing is ONLY down 6.5% from 2007.
Recap of December Activity
- Homes Sold in the last month: 17
Recap of 2008, 2007, 2006, 2005, and 2004
|
|
2008
|
2007
|
2006
|
2005
|
2004
|
|
Number of Homes Sold
|
317
|
370
|
473
|
532
|
546
|
|
Average Sale Price
|
$339,804
|
$363,946
|
$354,585
|
$327,587
|
$301,114
|
|
Sales Price to List Price
|
96.7
|
97.4%
|
98.8%
|
98.2%
|
98%
|
|
Average Days on Market
|
95
|
78
|
67
|
57
|
44
|
|
Average # of house sold per month
|
26.4
|
30.8
|
39.4
|
44.3
|
45
|
Current Report as of 1-15-09 in Northwest
- Active listings: 182
- Under Contract and Pending: 28
- Absorption Rate : 26.4 homes per month, a 7 month supply of houses currently on the market.
Northwest homes are:
This Colorado Springs Real Estate report contains information on Single Family homes in Northwest .
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
A Colorado Springs Real Estate Agent You Can Trust
Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake
www.Kathytorline.com & www.ColoradoSpringsVintageHomes.com
Colorado Springs Real Estate
Posted by KAT
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