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Monument Real Estate - Market Report for September 2009

Monument Real Estate

Includes Monument and Palmer Lake

The Monument Real Estate market continues to be a Buyer's Market, as there is currently a 14.5 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 and down 28% from the same period last year.

Monument Real Estate

Recap of 2009, 2008, 2007, 2006, 2005, and 2004

1-1-09 to 8-31-09

2008

2007

2006

2005

2004

Number of Homes Sold

264

383

469

630

675

673

Average Sale Price

TBD

$407,407

$450,756

$434,392

$418,258

$373,323

Average Days on Market

TBD

109

107

94

71

67

Average # of house sold per month

33

31.9

39.1

52.5

56.3

56.1

Current Report as of 9-13-09 in Tri-Lakes

  • Active listings: 448
  • Under Contract and Pending:
  • Absorption Rate: 33 homes per month, a 13.5 month 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.

A Colorado Springs Real Estate Agent You Can Trust

Selling HOMES in El Paso & Douglas County; including Colorado Springs, Monument, Fountain, Larkspur, Pueblo, Castle Rock, Manitou Springs, Woodland Park, Palmer Lake

www.Kathytorline.com and www.ColoradoSpringsVintageHomes.com

Colorado Springs Real Estate

Posted by KAT

Posted Sunday Sep 13