12 May 2025 | State of the Market
Here’s the quick rundown on the Colorado Springs region for Single Family Homes in El Paso County!
Why is the Market Slow Right Now?
When we evaluate a market, when we hear the stats on a market, we often hear about the positive numbers. For example, if I share that in the last 30 days, the single family home market in El Paso County is selling at 3% above last year’s number of sales and selling for just under […]
90 Days of Pricing & Sales in COS
Greetings, fellow data nerds! Why is data so important? It helps inform the ground truth. The ground truth of what is actually happening in a market. What’s the data behind the market right now? Glad you asked! Below is the last 90 days of pricing and sales in the Colorado Springs region for Single Family […]
What’s Wrong with the Market in One Image
In a word, it’s unaffordable for many people. What you see here is the average monthly payment over the last 3 decades. Note the massive jump in 2020. That was the massive injection of funds into the economy. This is a bipartisan monetary policy. What we see here is the same payment trend mapped alongside […]
Nov 24 Significant Drop in CP/OLP Ratio
It was a matter of time given market conditions before the data showed a trend we’ve been feeling here in Colorado Springs. Check this out. For the month to date November 2024, the Closed to Original List Price Ratio – the measure for what homes are closing at relative to their original list prices – […]
Do Solar Panels Add Value in Colorado Springs?
In the real estate market, many homeowners are looking for ways to increase their property’s value, and solar energy is often marketed as a solution. In Colorado Springs, where the sun is abundant, installing solar panels seems like a natural choice for those looking to reduce energy bills and promote sustainable living. But does going […]
Three Measures of the Market 3 Oct 2024
Pricing your home matters. In the sixth week, homes have lost 4.27% of their list price in the Colorado Springs region. Who’s landing? When we look at the stats, remember we are only measuring who “landed”, who successfully sold. Nearly 49% of the market isn’t making it to the finish line right now. Seller’s concessions […]
Gen Z Won’t Save the Housing Market
As of this year, Gen Z (those born between 1997 and 2012) has officially surpassed the Baby Boomers (born 1946 to 1964) in terms of workforce participation, marking a significant demographic shift in the labor market. While this generational change represents a new era for many industries, the question arises: will Gen Z “save” the […]
Why Home Pricing Matters
How much does home pricing matter in the Colorado Springs region right now? A lot. Pricing your home too high for the market or the condition can cost you a lot. An analysis of the last 90 days in our market showed the following stats: There were 909 homes sold in 0-7 days for 99.8% […]
CoS Housing Market and Survivorship Bias
When we quote statistics in the real estate industry, we most usually quote the metrics that reflect the successful sales. This is the way most are trained. However, in doing this type of analysis, it’s important to consider survivorship bias. What is this bias? It’s the tendency to consider only the successful set of data […]