Here is the 2008 annual housing market data for Manitou Springs.

Average Days on Market:

The annual 2008 average days on market for the Manitou Springs real estate market averaged at about 104 days. This means that the average home for sale in Manitou Springs sat on the market for about 3 1/2 months before accepting an offer.

Broken down by month, we see the following:

The highest days on market were in November (191 days) and the lowest days on market were in May (28 days).

Homes for Sale:

The Manitou Springs Springs real estate market saw an average of 55 available homes for sale each month in 2008. An average of 11 new listings came on the market each month and an average of 5 homes sold each month.

So, we an average of 9.6% of the available homes SOLD each month (3.2% - 14.6%). The most sales were in June - at 9 sales (14.5% of the inventory). The slowest month in 2008 for sales was May (2 sales, 3.2% of the inventory).

The Manitou Springs Real Estate market saw a 2008 annual average sales price of about $295,523 and an annual average median sale price of $281,072. Here we see how this was broken down by month:

Manitou Springs Homes were getting the highest prices in March of 2008, at an average sale price of $375,000. The lowest sale prices was in November of 2008, at an average of $255,562.

Sales Price Data:

The following graph shows the difference between what a Manitou Springs home was listed for (list price/asking price) compared to what it actually sold for in 2008:

The 2008 Manitou Springs real estate market saw an annual average list price/sale price ratio of 95%.

Read the Full Reports:

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period Jan.1 - Dec.31, 2008. RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Hope Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
719.434.7525