Mariana Wagner

2007 Colorado Springs Real Estate Market Report: Annual Days on Market Data

Homes for sale in Colorado Springs sat 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 in Colorado Springs.

The Colorado Springs 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:

Colorado Springs Neighborhoods with the Highest Days on Market:

The following neighborhoods in/around Colorado Springs had the highest days on market (DOM) for homes for sale:

• NGT (Northgate): 111 days
• MAN (Manitou Springs): 111 days
• TRI (Tri-Lakes/Monument/Palmer Lake): 102 days

Read more information on the definitions of the different Colorado Springs MLS Areas and Boundaries.

Colorado Springs Neighborhoods with the Lowest Days on Market:

The lowest DOM areas were found in the following Colorado Springs neighborhoods:

• N/E (Northeast Colorado Springs): 75 days
• EAS (Eastern Colorado Springs): 77 days
• S/E (Southeastern Colorado Springs): 79 days

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

January 3rd, 2008 by Mariana Wagner | 2 Comments »

This entry was posted on Thursday, January 3rd, 2008 at 8:23 am and is filed under Colorado Springs Real Estate, Fountain and Fort Carson, Manitou Springs, Market Reports, Monument and Palmer Lake. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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