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 […]

Here’s a look at the last ten years in the Colorado Springs region. What you see here is a look at the number of sales and the average pricing over that same period. We are tracking around 2015 levels of activity right now.

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 […]

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 […]

Total sales numbers down 26.3% from 2022.

This morning’s graph is a representation of the average Days on Market (DOM) for closed homes by month over the last decade. As you can see below, we are back over over the last several months or so to around 2015 territory. Inventory in the area remains low (less than two months) which is helping […]

Running the numbers today…as of 21 March 2023, sales are at 69.3% of last year’s volume of sales. Stated another way, the number of sales is down 30.7% from last year. That puts us around a projected 2015 levels of sales for the month.