A Tale of Marches: Updated
Total sales numbers down 26.3% from 2022.
A Decade of DOM
This morning’s graph is a representation of the average Days on Market (DOM) for closed homes by month over the last decade. As you.
March 2023 down 30.7% from March 2022
Running the numbers today…as of 21 March 2023, sales are at 69.3% of last year’s volume of sales. Stated another way, the number of.
Has housing in Colorado Springs beat the historical 3% return?
Three percent is often cited as the historical annual appreciation of housing. Let’s take a look at the last seventeen years and how the.
Want to know where home pricing is going? Follow the M2.
What you see here is a scatterplot mapping the average monthly closed price of a home in the Colorado Springs region alongside the M2.
4Q2022+ Types of Sales
Here is the distribution of types of sales from the 4th quarter of 2022 through this morning. These are pretty consistent with our market.
Feb 2023 sales numbers close out down 29.6% YOY
February 2023 closed down 29.6% from the previous year by number of sales. That is the second largest drop February to February as a.
17 years of home sales
Take a look at this chart. It’s seventeen years of homes sales in the region. There are a lot of takeaways here, from the.
Are houses selling above or below list price?
This question hit my inbox this morning. The answer is “mostly below on the average right now”. Here is a breakdown of the top.
Inventory in the top 20 Subareas & Banning Lewis Ranch
Bottom line: inventory in these subareas is lower than I expected to see, with the exception of Banning Lewis Ranch. The low inventory across the board seems to be helping holding pricing up.