Here are some interesting facts taken directly from our local MLS as of September 30, 2008:
Total Active Listings: 1184 Compared to last year at this time: 877
Average days on market: 174 Compared to last year at this time: 163
Total number of sales to date: 570 Compared to last year at this time: 734
Average sales price: $381,382 Compared to last year at this time: $397,395
Overall appreciation or depreciation--4%
These statistics certainly support that the Durango market is still strong and not taking the dramatic drop that other markets across the U.S. have seen. Real Estate in Durango and its surrounding areas is still a great investment so the time is now to buy or sell.
