State of the Market: El Paso County, CO
The market is changing. Inventory is rising faster than homes are closing in the region. If you are selling a home in the areas.
October 2022 Month to Date by Volume of Sales
As of 28 October 2022, we are down about 42% in the PPAR region for volume of sales.
Where are we for October 2022?
Nineteen days into October 2022, we are tracking significantly below where we were at this time last year…about 60.3% of the volume of sales.
Where did Sep 2022 close out?
September 2022 closed out at just over 2018 volume of sales. This was better than I expected considering the prior months activity. Rate shock.
4OCT22: State of the Market
Assuming the M2 holds on par with the last several months, there is a .903 correlation (R2) to the median pricing in town and.
Sep 2019 – Present rolling 7 day average and median pricing
Here are the last 3 years of 7 day average and median pricing in the region.
August 2022 number of sales down to 2014/2015 levels
August 2022 in the region is closing at in between 2014 and 2015 levels. Sales are down 31% from last August.
A history of July sales as a percentage of inventory
What you see here is a running percentage of July sales as part of inventory from 1996 to 2022. Jonathan Easley and I were.
August 1996-2022 volume of sales
Here are the last 26 years of August(es) number of sales. At the current rate of sales, I think we will probably close at.
Of Median Pricing and M2 Money Supply
This is an update to my previous chart showing the M2 money supply and the median pricing in Colorado Springs. The R2 on this.