Market Report for Academy School District 20 January 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
Active listings for January are at 507, a 7% increase from December; Pending sales jumped 18% to 167; and sales are down 16% at 63 - a snowball effect from reduced activity in December, in the Academy School District 20 area for the month of January. The pending ratio is up to 24.8%. 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 97.6%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is down 7% from December at $316,593 while median sales price increased 11% to $299,900.
Average days on market for Academy School District 20 was 115 with inventory at 8 months. With the slower buying season we are seeing the 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.