May saw the continued upward trend over the last few months in number of single family homes sold (840), average price ($251,543) and median price ($210,000).
However, the number of active listings in May increased to 6,396. For this time of year, home sales are still down from recent years. Even though there were more listings in May 2007 (6567), 1,032 homes sold that month. In May of 2000, 879 single family homes sold, but there were only 3,253 active listings.
The average Days on Market in El Paso County during May was 88 - not too bad when you consider some of thoses homes have been listed for a long time. DOM vary by area; in Black Forest, it was 135, while it was 78 DOM for the Central area.
We always stress that statistics don't tell the whole story! Your home may or may not sell quickly; it's a function of price, condition, appeal. location, marketing, and that special buyer.
Homes that are agressively priced and appealing are selling, but buyers are still being picky. If you're thinking of selling, we offer special services that can help your home stand out. If you'd like to buy, you can still take benefit from the huge selection and motivated sellers. Call us so we can help you with your unique situation.
Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period May 2000 through May 2008 . RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
Ken and Sandy Wickham, the authors of this article, are long-time agents in beautiful Colorado Springs, CO. They welcome your real estate inquiries; to contact them, please call 719-534-7920 or visit their website.
This property looks beautiful and it seems to be priced accurately.
Amanda <3