Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
As we roll into 2024, I wanted to get this graph out there. What you see here is 27 years of sales and active listings for Decembers for the Pikes Peak Region. I recently heard on a podcast that ‘inventory is an issue’ and that ‘demand exceeds supply’. On the macro perhaps, but I don’t […]
We are halfway into November 2023. Where does the market stand today? For Single Family Homes (SFH), we are at 38.6 average days on market, selling at an average of 4.94% below original list price. We are tracking at 34.21% below this time last year in number of sales. We are also looking at an […]
Thirty seven percent of these homes sold the last 30 days were built in the last 5 years.
Colorado Springs hits an 8 year high in inventory
In a previous post, I mentioned the ratio of withdrawn/expired homes to homes sold. This line of thought prompted me to ask, where are things selling? Where are the inactive homes? Here’s quick heatmap of the last 30 days of activity. Green is sold, red is withdrawn/expired. https://s3.us-east-2.amazonaws.com/www.robthompson.dev/heatmap.html More on this soon!
Good morning, fellow real estate data nerds! As of 21 Oct 2023, here are the market’s vital stats for single family homes (SFH): Let’s unpack these a bit. How we read this is: the average closed price for the month of October is $565K, median is $485K. Averages days on market are 39.6 and median […]
Predicting the short term direction of the market.
Tackling wicked problems isn’t a straight-line equation; it demands a blend of creative ingenuity, collective brainstorming, and agile adaptability.
The real estate market in Colorado Springs has been a subject of interest for both investors and homebuyers. While many factors influence home prices, one less-discussed variable is the M2 money supply. M2 includes a broad spectrum of financial assets, such as cash, checking deposits, and easily convertible near money. Understanding the correlation between M2 […]
There are a LOT of what if’s in this question. There is no one size fits all answer here. Instead, let’s look at it from a top down perspective. First, you cannot time the market. There are simply too many variables (I say this, too, as a programmer with some working knowledge in statistics, markets […]