Market Report for Academy School District 20 March 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
Active listings for March were at 608, a 10% increase from February and 27% increase from one year ago; Pending sales dropped 28% to 141 from February are down 51% from one year ago; and the good news is that sales are up 32% at 103 from February but down 29% from one year ago, in the Academy School District 20 area for the month of March. The pending ratio is down to 18.8% a significant drop due to the increase in active listings. 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 98.3%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is dropped 4% from February to $317,349 and median sales price dropped 7.7% to $30,000.
Average days on market for Academy School District 20 was 115 with inventory at 5.9 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.
By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs