The Monument and Palmer Lake real estate market had a healthy selection of homes for sale in 2008 with an annual average of 432 homes available each month.

However, we also see that an average of 10% of the available homes SOLD each month, as well. The most sales were in July – at 55 sales (10.74% of the inventory). The slowest months in 2008 for sales were January (11 sales, 3% of the inventory) and December (12 sales, 3.5% of the inventory).

Buyer Tip: The best time to buy is when there is MORE inventory than sales because you have less competition with other buyers AND more homes to choose from. Per this graph, the best times to buy would be RIGHT aroubd the holiday season – November thru January.

Seller Tip: If you NEED to sell in the slower months of November – January, make your home stand out from the crowd by offering super-competitive pricing, buyer concessions and/or buyer agent bonuses. However, as you will see below, those slower months will get you less overall competition in the market place as well.

Below are 2 more graphs that detail the total available homes and sold listings by month in 2008.

Monument Available Homes for Sale 2008:

Monument Sold Listings for 2008:

“Based on information from the Pikes Peak REALTOR Services Corp. (”RSC”), for the period Jan.1 – Dec.31, 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.”

Read Also:

• 2008 Annual Monument Real Estate Information – Sales Price Data
• 2008 Annual Monument Real Estate Information – Average Days on Market

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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