Market Report for Academy School District 20 December 2013
The Academy School District 20 Real Estate Market - December 2013
By Murray & Associates - Keller Williams Colorado Springs
Active listings are down 14.6% from November at 475, pending sales are down 14.4% at 137, and sales down 22% as well at 75 in the Academy School District 20 area for the month of December. The pending ratio remained the same at 22.3%. The pending ratio represents the supply and demand of the market, the higher the ratio, the greater the demand. A low ratio indicates more supply than demand. We would expect this ratio to increase during the holidays, but it actually stayed the same, this is because we saw a drop in new listings as well, reducing the overall inventory. It is very common for home owners to pull their homes off the market during the holidays, so they can celebrate undisturbed.
The average sales price to list price ratio remains strong at 98%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is up 8.4% from November to $338,786 while median sales price drropped 4% to $267,500.
Average days on market for Academy School District 20 is at 109 with inventory about the same at 6.3 months. With the slower buying season we will see days on market increase.
Visit the market updates for popular D20 neighborhoods: Briargate to include Cordera, Pine Creek, and Wolf Ranch, Northgate to include Flying Horse and Gleneagle, Northwest to include Peregrine and Rockrimmon.
Compare demographics for Colorado Springs zip codes with other zip codes in Colorado Springs or the nation, visit the Colorado Springs Market Insider.