30 Years of Avg Payments and Active Listings

Data is fascinating.

What you see here is 30 years of active number of listings in the Pikes Peak region alongside the average payment for a home based on the prevailing interest rate and the closed price of a home for that given month.

What’s the point and takeaway from this data?

In early 2022, the market exploded started to become unaffordable for many, resulting in increased active listings (as people could not afford to buy).