Real Estate Meets Insight: Turning Data Into Decisions – Rob Thompson, Realtor®, Iconic Colorado Properties, LLC
In Colorado Springs, homes are selling at app 96% of their original list price. We are 1% below the number of homes we sold (single family, El Paso County) last year. And there are 3.81 months worth of homes on the market. This data indicates a seller’s market. But what’s happening just one layer back? […]
What’s the state of inventory in El Paso County (EPC), Colorado, for Single Family Homes (SFHs)? As we sit here on 2 July 2024, we have app 2,021 active SFHs in EPC. If we look at total units by month in EPC since Oct 2015, here’s how that looks. We are sitting at 2,542 units.
As we roll into May, let’s take a look at April 2024. Below you see the history of April(s) since 1996. Here’s how to read this: April 2024 saw a 6% gain over the average sale price of April 2023, which itself saw a 6% decline over the preceding year. This happened despite the number […]
Are we in a seller’s market? A buyer’s market? Yes. On the surface, we are in a seller’s market. We have 2.02 months worth of Single Family Homes (SFHs) on the market in El Paso County (EPC). A balanced market is said to have 5 to 6 months inventory of homes. According to this measure, […]
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.
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.
