Market Report for Academy School District 20 November 2014
The Academy School District 20 Real Estate Market
By Murray & Associates - Keller Williams Colorado Springs
Listings in Academy District 20 are down to 518 active listings, this is an decrease of 17% from October and 7% from one year ago. Pending sales increased 27.7% from one year ago and up 4.5% from October. Sales are down nearly 10% from October and up 13% from one year ago. The pending ratio up at 30%. 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. Many sellers are removing their homes from the market during the holiday season, which reduces the inventory.
The average sales price to list price ratio remains strong at 98.4%, indicating that sellers are not having to negotiate much on their sales price.
Average sales price dropped again this month to $302,864 for October and median sales price is down about 4% to $268,000.
Average days on market for Academy School District 20 was 115 with inventory at 4.7 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.
See all available homes for sale in Academy School District 20.
By Nancy Murray
Murray & Associates, Keller Williams Colorado Springs