Market Report for Academy School District 20 November 2013
The Academy School District 20 Real Estate Market - November 2013
Active listings are down 10% from October to 556 and with Pending sales down 15% at 160 and sales down 15% as well at 96 in the Academy School District 20 area for the month of November. The pending ratio dropped again this month due to the slower buying season to 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. As this number creeps up, the prices will increase and we will see more competing offers, but as it declines with the slower winter buying seasons, we will see prices drop and days on market increase.
The average sales price to list price ratio remains strong at 98.1%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price is down from October at $310,173 with the median sales price dropping to $279,900.
Average days on market for Academy School District 20 is at 104 with inventory about the same at 5.8 months. With the slower buying season we will see prices drop and 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.