Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
As we close in on the end of November, let’s take a look at the sales volume for the month. What you see below is the running history of November sales volume since 1996. The red line is where we were for November 28, 2021. We are currently selling at 53.6% of that volume, or […]
We are tracking about 47.5% under last year’s volume of sales right now. I suspect we will close out around 40% down. These rates combined with the pricing have clobbered the market right now.
This time last year we were tracking 781 sales regionally. Month to date, we are at 369, for a sales volume that at 47.2% of last year, or down 52.8%. The red line here is where we are last year at this time. What does this mean for buyers? More opportunity (and I think more […]
The market is changing. Inventory is rising faster than homes are closing in the region. If you are selling a home in the areas below with higher orange than blue, you should expect to have to price accordingly and or expect longer days on market.