The Colorado Springs Housing Market did not see much shift from December 2007 and January 2008.  There was a little movement in average and median sales price, homes for sale in Colorado Springs are still selling around the 3 month mark.

Let’s take a closer look at the data for the Colorado Springs real estate market for January 2008:

• Average Days on Market (DOM): 98
  This is DOWN from 109 days from December.
• Median Days on Market: 93 Days
• High DOM: CEN at 200 Days.
• Low DOM: WES at 21 Days.

Comments: CEN (Central Colorado Springs real estate, to include homes for sale in Downtown Colorado Springs) jumped 146 days from an average DOM of 54 days in December, proving that the Colorado Springs real estate market is forever changing.

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

Colorado Springs Real Estate Sale Price data:

• Average Sale Price (SP): $237,410
  This is DOWN from $259,575 in December.
• Median Sales Price: $207,278
  This is UP from $203,864 in December.
• High Sales Price: MAN (2 sales) at $490,666
• Low Sales Price: CEN (20 sales) at $162,450

Comment: MAN (Manitou Springs real estate) is a smaller, eclectic community and can see average sale price fluctuations from the high $100k’s to near half a million, depending on which house sells.

Read Also: 2007 Colorado Springs Real Estate Market Report: Annual Sale Price Data

Colorado Springs Real Estate Days on Market data:

• List Price to Sale Price Ratio (LP/SP): 96.88%
• High LP/SP: FAL at 103.44%
• Low LP/SP: NGT at 92.84%

Comment: FAL (To include Woodmen Hills, Meridian Ranch, Paintbrush Hills, Falcon Hills and surrounding areas) has a very high amount of new build communities that can skew the LP/SP ratios.

In January 2008:

• 722 homes went on the market
• 232 homes went under contract
• 112 homes sold

More Great Reading:
What to Expect from a Competent Listing Agent
Selling Your Colorado Springs Home: The Importance of Proper Pricing from Day One

Check out these previous Colorado Springs Real Estate Market Reports:

Colorado Springs Real Estate Market Report – December 2007
Colorado Springs Real Estate Market Report – November 2007
Colorado Springs Real Estate Market Report – October 2007

[KEY: BLA = Black Forest (Very Northeast of Colorado Springs), BRI = Briargate (Northern part of Colorado Springs), WES = Westside (West of I-25 and North of Fillmore), OCC = Old Colorado City (Western part of Colorado Springs, off Hwy 24), FAL = Falcon (Woodmen Hills and Meridian Ranch, just east of Colorado Springs, MAN = Manitou Springs - (just East of Colorado Springs), N/E = Northeast Colorado Springs, NGT = Northgate (Northernmost part of Colorado Springs, near the North Gate of the Air Force Academy), S/E = Southeast Colorado Springs, S/W = Southwest Colorado Springs]

Thanks for reading our Colorado Springs Real Estate Blog!
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