Colorado Real Estate Market Stats for August 2007
Sep 11th 2007livemileMarket Analysis
Winter is on its way!
In the residential market there was 23,229 active listings, a 2.59% increase from last month, and 0.33% decrease from last year. With summer coming to an end the market is showing signs of slowing, with only 4,185 under contract, almost an 11% decrease from July. The average days on market increased 2% to 92 days, while the average sold price increased to $329,783.
In the condominium market we can really see things starting to slow. Properties under contract fell to only 1,140 a 9% decrease from last month and a 4% decrease from last year. There were only 1,067 sales, with the average sales price falling 5% to $182,741.
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