A total of 1821 properties* were listed in our MLS area from Jan. 1 through Dec. 31, 2008. 732 listings sold. Currently, supply is about 2-1/2 years greater than demand, i.e. there’s enough inventory to last 2.49 years. Research properties with hefty days on the market, multiple price drops or in foreclosure. In a buyers’ market, you can bargain harder, ask for owner carry, get seller paid closing costs, etc. It also gives you more properties to choose from.
Total 2008 sales volume was $165,775,419 down 24% from 2007. Median sell prices stayed the same at $210,000. Average days on the market rose from 231 in 2007 to 252 in 2008.
* Includes: residences, homes with acreage, farms, lots and commercial properties in Chaffee, Saguache, western Fremont, Lake and Park counties.
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