What are the most popular listing days in the PPAR region?
Thursday is the most popular day of the week over the last three years to list a home. Followed by Friday, Wednesday, Tuesday, Monday, Saturday then Sunday.
Weekly Closed and List Prices since Aug 2019
Data is awesome. Here are the weekly closed and original list prices over the last three years. Here I have included the list price (if modified). It’s pretty interesting to me to see the periods of time where the list prices were dropped. On my to do list is to analyze the lead / lag […]
Where are the VA loans? (Colorado Springs)
I often see the question asked, “Is Colorado Springs a VA (loan) town?” With multiple bases in the area, the answer is, “Yes.” VA loans are the second most popular loan type in town, second to conventional. Here is the breakout of VA purchases by zip code YTD. Here is where folks are buying with […]
CoS: State of the Market
The market is cooling a bit. Inventory is up and the closed to list price ratio (a measure of how much above or below list price a buyer is paying) has come down on the average about 1-2%. What comes next? I think this slower market is going to be more the norm.
Closed, Active and UC status top 20 subareas CoS region
As we close out June 2022, nine of the top 20 subareas have more active listings than under contract, a distinct shift from 4-6 weeks ago. We are also closing out the month with about 37.2 days worth of homes on the market, up 13 days or so from one month ago.
Colorado Springs region: State of the Market
As we move into the end of the month, here’s where we stand right now. Average pricing is down about $7K from one month ago, as is the closed to list price ratio (down from 2.85% above to 1.49%). We have 2,239 homes on the market vs 1,485 from the same month ago. Our 30 […]
Top 20 Subareas by 30 day sales with active and under contract sales
Here is a quick snapshot of the top 20 subareas in the PPAR region, mapped in descending order by their number of sales in the last 30 days, followed by the count of active homes for sale and the number of homes under contract in the same. Why does this matter? Good question! It shows […]
Real estate prices and inflation
I saw this morning someone post a generalized chart stating that real estate beats inflation. Let’s take a look at this locally. Below is about 22 years worth of average pricing, interest rates and inflation numbers. While real estate is largely tracking inflation the last couple of years, we do have a situation that hasn’t […]
The “So what?” of the rates rising
There is a lot of talk right now and the market has been significantly impact in terms of showings, contracts (both of which are way down) due to the rise in interest rates. I wanted to share the ‘so what’ of these rates. Why are these so important? Let’s take a look at a $375K […]
State of the Market: 30 Day Snapshot
This shows Banning Lewis Ranch is the top selling subarea with just under 50 sales the last 30 days. They have about 22 homes on the market and 45 homes under contract. Of particular note is that inventory is rising across these subareas. Increased inventory – homes for sale – will put downward pressure on […]