Colorado Spring Real Estate - Market Report for Monument and Palmer Lake Homes
Single Family Homes
The Tri-Lakes housing market continues to be a Buyer's Market, as there is currently a 13.5 month of supply of homes on the market. A 6 month supply of houses on the market is considered a "NEUTRAL MARKET". Sales were down 17% from 2008 to 2007, but pricing was only down 10% from 2008 to 2007. Sales continue to be soft in 2009.
Recap of 2009, 2008, 2007, 2006, 2005, and 2004
|
|
1-1-09 to 6-30-09 |
2008 |
2007 |
2006 |
2005 |
2004 |
|
Number of Homes Sold |
170 |
383 |
469 |
630 |
675 |
673 |
|
Average Sale Price |
$421,700 |
$407,407 |
$450,756 |
$434,392 |
$418,258 |
$373,323 |
|
Average Days on Market |
180 |
109 |
107 |
94 |
71 |
67 |
|
Average # of house sold per month |
28.3 |
31.9 |
39.1
|
52.5 |
56.3
|
56.1 |
Current Report as of 7-27-09 in Tri-Lakes
- Active listings: 457
- Under Contract and Pending:
- Absorption Rate: 28.3 homes per month, a 16.1month supply of houses currently on the market
This Colorado Springs Real Estate report contains information on Single Family homes in Palmer Lake.
This information is taken from the Pikes Peak Realtor Services Corp and is deemed reliable but not guaranteed.
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Posted by KAT
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