Market Reports for Colorado Springs and School District 20 - November 2014
There are currently 3,134 active listings and 782 total sales in the Colorado Springs for the month of November. The number of active listings is down nearly 15% from one year ago and the sales are up 9.3%. The inventory for November is 4.0 months, a bit lower than we would expect going into the holiday season.
The average sales price in Colorado Springs for September was $245,488, down 4.4% from October and about the same as one year ago. Median sales price for September was $216,750, down slightly from one year ago and down 4% from October.
New home starts for Colorado Springs were at 152.
For the complete report visit Colorado Springs MLS Market Update
* Pikes Peak MLS did not provide the Total Active numbers for February and March.
Academy District 20:
Listings in Academy District 20 are down to 518 active listings, this is an decrease of 17% from October and 7% from one year ago. Pending sales increased 27.7% from one year ago and up 4.5% from October. Sales are down nearly 10% from October and up 13% from one year ago. The pending ratio up at 30%. The pending ratio represents the supply and demand of the market, the higher the ratio, the greater the demand. A low ratio indicates more supply than demand. Many sellers are removing their homes from the market during the holiday season, which reduces the inventory.
The average sales price to list price ratio remains strong at 98.4%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price dropped again this month to $302,864 for October and median sales price is down about 4% to $268,000.
Average days on market for Academy School District 20 was 115 with inventory at 4.7 months.
For the complet report visit Academy School District 20 Real Estate Market Report
Visit the market updates for popular D20 neighborhoods: Briargate to include Cordera, Pine Creek, and Wolf Ranch, Northgate to include Flying Horse and Gleneagle, Northwest to include Peregrine and Rockrimmon.
See all available homes for sale in Academy School District 20.
Original blog post located at http://www.AcademyDistrict20Homes.com