Greetings, fellow data nerds!

Why is data so important? It helps inform the ground truth. The ground truth of what is actually happening in a market.

What’s the data behind the market right now? Glad you asked!

Below is the last 90 days of pricing and sales in the Colorado Springs region for Single Family Homes (SFH) in El Paso County (EPC).

Here’s how to read this:

In the last 90 days, there were 481 SFH in EPC that sold in 0-7 days at an average of .12% above original list price. These homes gave an average of $3,332 in seller’s concessions toward buyer closing costs.

In the last 90 days, there were 245 SFH in EPC that sold in 8-14 days at an average of 1.87% ($9,798) below original list price. These homes gave an average of $4,821 in seller’s concessions toward buyer closing costs.

And so on down the line. By the 5th and 6th weeks, sellers take home on average was reduced app. $19K.

What’s the big takeway? It’s CRITICAL to put your best foot forward day one.