Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
As we close in on the end of November, let’s take a look at the sales volume for the month. What you see below is the running history of November sales volume since 1996. The red line is where we were for November 28, 2021. We are currently selling at 53.6% of that volume, or […]
We are tracking about 47.5% under last year’s volume of sales right now. I suspect we will close out around 40% down. These rates combined with the pricing have clobbered the market right now.
This time last year we were tracking 781 sales regionally. Month to date, we are at 369, for a sales volume that at 47.2% of last year, or down 52.8%. The red line here is where we are last year at this time. What does this mean for buyers? More opportunity (and I think more […]
The market is changing. Inventory is rising faster than homes are closing in the region. If you are selling a home in the areas below with higher orange than blue, you should expect to have to price accordingly and or expect longer days on market.
As of 28 October 2022, we are down about 42% in the PPAR region for volume of sales.
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.
September 2022 closed out at just over 2018 volume of sales. This was better than I expected considering the prior months activity. Rate shock normalizing a bit?
Assuming the M2 holds on par with the last several months, there is a .903 correlation (R2) to the median pricing in town and a .869 to average pricing. Interest rates to M2 are .665. Interest rates to median pricing is .457. Interest rates to average pricing is .407. What does this all mean? Follow […]
Here are the last 3 years of 7 day average and median pricing in the region.
August 2022 in the region is closing at in between 2014 and 2015 levels. Sales are down 31% from last August.