The annual 2008 average days on market for the Monument real estate market averaged at about 110 days. This means that the average home for sale in Monument sat on the market for between 3-4 months before accepting an offer.

Broken down by month, we see the following:

The highest days on market were in March (142 days) and December (144 days – a gross of days) and the lowest days on market were in November (69 days) and May and October (91 days each).

It is important to note that the average days on market in December were so high, partially due to the fact that only 12 homes in Monument sold that month, compared to the annual average of over 30 homes selling per month – skewing the average a bit.

Buyer Tip: The higher the average days on market, the more likely you are to get an offer accepted. Based on this graph, the best time to make an offer on a Monument home would be in March or December.

Seller Tip: Putting your Monument home on the market in the beginning of Spring or the beginning of Fall should yield you the least amount of time on the market. (Houses that sold in May in 91 days were initially put on the market in March.)

Read Also:

• 2008 Annual Monument Real Estate Information – Homes for Sale
• 2008 Annual Monument Real Estate Information – Sales Price Data

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Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525