09.05.07
Colorado Springs Real Estate Update for August
August 2007 real estate market numbers are in, and here they are for Colorado Springs.
According to PPMLS data, 862 listings were sold, this is about 21% below last August. with a median sales price of $220,000 down just over 2% from August 2006). The average days on market were 79.
There are currently between 6,000 – 7,000 active listings in the Colorado Springs market. The median asking price is $255,000, a bit lower from July’s $259,900.
These numbers show that it is definitely a buyer’s market right now, so if you are looking to buy a home be sure to get a good real estate agent and get out there. This market decline is great news for buyers.