Grok The Market

Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, RealtorĀ®, Iconic Colorado Properties, LLC

Interest rates, M2 and Median Pricing in the PPAR region

The relationships between variables that impact the market is fascinating to me (I am, admittedly, a bit of a data nerd). What you see here is the interplay between the M2 money supply, median pricing and the 30 year mortgage interest rates since 1996. TLDR; if you want to know where home prices are going, […]

May 2023 sales down 32.1% from 2022

As we enter into the last week of May 2023, we are tracking at 67.9% of last year’s sales numbers for the same period of time (May 1st through 24th). It’s likely we will close at 2013 – 2014 levels. We are also selling about -3.35% for average home prices. I honestly expected a bigger […]

Five Years of Sales in the Region

Here’s a quick look at the last five years worth of sales in the region. This is the month to month number of sales for the last 60 months. It’s a rough year for agents, sellers and lenders. Buyers, too, though those that can afford to buy have a lot more choice. Here is the […]

A Tale of Aprils

April 2023 has seen the largest drop in number of sales since at least 1996. We are tracking about 35.8% down from last April. The price drop from last year is -5.59%. This begs the question…why aren’t prices falling? Inventory. The low inventory is helping hold the floor against price drops. What’s next? All things […]