Colorado Springs Breaks 4 Months of Inventory first time since April 2015
Colorado Springs hits an 8 year high in inventory
30 day report — PPAR region
Here’s a quick look at where we stand right now for the last 30 days in the PPAR region. The big takeaways right now are:
PPAR Region State of the Market
We are closing for the month of March 2023 at an average of 501K with 46.86 days on the market. Homes are closing on the average at 3.1% below original list price. Sales are down 29.2% from this time last year and we have 1.53 months worth of homes on the market. Data extrapolated from […]
Type of Sales Since 10/1/22
Curious about our market and the types of sales therein? Checkout the map plot that shows the ‘big 4’ purchase types across the region since Oct 1, 2022.
PPAR region average home price down 17.57% since peak in May
The average home price in the Pikes Peak Association of Realtors® region is down 17.57% from the peak in May. This is based on a 14 day rolling average. Homes are currently closing down 6.33% from their original list price, as measured for the last 30 days. The absorption rate – the measure of homes […]
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 to this day of the month last year.
COS: YTD types of purchases
Here is the breakdown of the types of purchases year to date in the Pikes Peak Association of Realtors® (PPAR) region. Cash has made up 18% of purchases year to date, VA loans are 27%, FHA is 8% and conventional is 47%. Why does this matter? It informs buyers and sellers and helps them know […]