Market Report for Academy School District 20 February 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
Active listings for February were at 547, a 7.3% increase from January and 23% increase from one year ago; Pending sales jumped 15% to 197 from January but are down 27% from one year ago; and sales are up 10% at 70 from January but down 22% from one year ago, in the Academy School District 20 area for the month of February. The pending ratio is up to 26.5%. 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.
The average sales price to list price ratio remains strong at 97.5%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is up 4% from January at $329,632 and median sales price is up nearly 8% to $325,000.
Average days on market for Academy School District 20 was 133 with inventory at 7.8 months.
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.