Colorado Springs Breaks 4 Months of Inventory first time since April 2015
Colorado Springs hits an 8 year high in inventory
Market activity last 30 days
In a previous post, I mentioned the ratio of withdrawn/expired homes to homes sold.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 Green is sold, red is withdrawn/expired.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!
State of the SFH Market 21 Oct 2023
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 […]
Introducing the (updated) FPVI (Future Property Value Index)
Predicting the short term direction of the market.
Affordable Housing is a ‘Wicked’ Problem
Tackling wicked problems isn’t a straight-line equation; it demands a blend of creative ingenuity, collective brainstorming, and agile adaptability.
The Correlation Between M2 Money Supply and Home Prices in Colorado Springs: A Deep Dive
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 […]
What if I want to sell and buy another house right now?
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 […]
“As Is” vs the Average: Does ‘Sold As Is’ generate a higher level of return?
Let’s take a look at ‘as is’ sales in the region. I came across a thread on Facebook today asking if people needed to make upgrades in the market right now or if they could sell ‘as is’. This prompted me to dig into the numbers. Year to date, there have been 9,343 homes sold […]
Jul 2023: Market hits a wall?
July 2023 is looking kind of rough for the PPAR region. Number of sales is down 44.58% halfway through the month. Our closed to original price ratio – the measure of the average price at which homes are closing against the original list prices – is down 7.51%. We are down 10.35% from the peak […]
Pikes Peak Region: June 2023
As we roll into July, let’s take a look at where June 2023 has closed out. Here we see the year over year change in pricing from June to June since 1996. We can see last month was a gain in value of 1.43% over the preceding June (2022). Interestingly, this is the second lowest […]