The Monument, Colorado Real Estate market experienced a good October of 2017. There were 58 sales in the month of October. This is down 10 Sales from the previous month but down 11 Sales from the same month a year ago.
| Year | Homes Sold | Median Sales Price | Median Price Per Sq Ft | Average Days on Market |
|---|---|---|---|---|
| 2007 | 30 | $382,250 | $115.19 | 90 |
| 2008 | 23 | $365,000 | $107.64 | 134 |
| 2009 | 39 | $347,000 | $103.95 | 159 |
| 2010 | 37 | $342,250 | $99.82 | 140 |
| 2011 | 37 | $341,000 | $97.14 | 144 |
| 2012 | 46 | $357,727 | $99.24 | 120 |
| 2013 | 46 | $371,584 | $108.06 | 106 |
| 2014 | 47 | $360,678 | $109.45 | 103 |
| 2015 | 54 | $399,250 | $114.21 | 96 |
| 2016 | 69 | $420,000 | $121.22 | 61 |
| 2017 | 58 | $444,500 | $132.35 | 47 |
This is the first October decrease in the number of home sales we have seen since 2009. The chart below shows the consistent growth in the Monument Real Estate Market:
We feel like the decreased number of homes sales is due to a combination of seasonal slowing in conjunction with lack of inventory as well as a rising median sales price. Here is a good look at the median sales price for Monument in relation to the rest of El Paso County.
The Monument Real Estate Market is still on track to have a great year. The big concerns are lack of inventory and rapidly escalating home prices.
We will continue to monitor the Monument, Colorado Real Estate Market.
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We have been compiling statistics both locally and nationally for many years. These reports are a collection of the last few years' worth of our Quarterly Market Reports so you can follow the Colorado Springs Real Estate Market.
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