In Colorado Springs, homes for salesat on the market for an average of 89 days in 2007. The lowest days on market were in July, at 74 days. The highest DOM was in January (104) and December (109).
Although the 89 day average is up from 76 days in 2006, and higher than we have seen in a long time, it is still at the 3 month mark, which is good news for people who have a home for sale. Here is a graph showing the average days on market from 1997-2007.
Our Real Estate market DID vary from neighborhood to neighborhood, regarding days on market. Let's take a look at how each area looked in 2007:
The following neighborhoods in/around Colorado Springs had the highest days on market (DOM) for homes for sale:
Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.
The lowest DOM areas were found in the following Colorado Springs neighborhoods:
The Colorado Springs real estate market is looking good, in regards to days on market. Some areas of the nation are looking at multiple YEARS before selling a home. If you can wait for about 3-4 months to sell your Colorado Springs home, then you're in great shape!
More from this Series:
2007 Colorado Springs Real Estate Market Report: Annual Sale Price Data
2007 Colorado Springs Real Estate Market Report: Annual Housing Inventory Data
2007 Colorado Springs Real Estate Market Report: Annual List Price to Sale Price Ratios
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Clients' Choice Realty, specializing in Colorado Springs Real Estate and Monument Real Estate.
 |
|
|
Advocates for Consumer Empowerment in Real Estate. Real Estate Brokers for Colorado Springs & Monument, Colorado. We love where we live & we love what we do. ColoradoSpringsRealEstateConnection.com
Are Foreclosures Becoming the New Haunted Houses?
Short Sale Scams ARE Mortgage Fraud
Westside Colorado Springs and Old Colorado City Housing Market Report for August 2008
Dowtown and Central Colorado Springs Housing Market Report for August 2008
Ute Pass CO Housing Market Report for August 2008
Monument CO Housing Market Report for August 2008
El Paso County Housing Market Report for August 2008
Fountain Valley CO Housing Market Report for August 2008
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Mariana your graphs make well for a listing presentation. Great Post.
Thank you Frank.
Hi Bob - You bring up a very valid point, but here are my thoughts on that:
If a home was cancelled, withdrawn and/or expired it was because it was not "really" in the market - It either was overpriced and/or extremely difficult to show. I do not think it is fair to include those not-really-in-the-market homes with the rest of homes. I use that data in listing presentations only to prove that PRICE is king ... "Look what doesn't sell."
However, it WOULD be interesting to see how change in price (or showing instructions) directly affect DOM. I DO know that in Woodmoor (I assume you are from this area) the average DOM for homes on the market is a little over 100 days. However, we did a little further research to find that, regarding SOLD homes, as soon as the home was actually priced in the market, it sold in under 35 days.