2008 Annual Average Days on Market for the Monument Real Estate Market
By Derek and Mariana Wagner, The Artisan Group - Colorado Springs REALTORS®
(The Artisan Group- Keller Williams Premier Realty )
The annual 2008 average days on market for the Monument real estate market averaged at about 110 days. This means that the average home for sale in Monument sat on the market for between 3-4 months before accepting an offer. Broken down by month, we see the following: The highest days on market were in March (142 days) and December (144 days - a gross of days) and the lowest days on market were in November (69 days) and May and October (91 days each). It is important to note that the average days on market in December were so high, partially due to the fact that only 12 homes in Monument sold that month, compared to the annual average of over 30 homes selling per month - skewing the average a bit. Buyer Tip: The higher the average days on market, the more likely you are to get an offer ...
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