November Sales Down 47.5% YOY
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.
Nov 2022 Sales Volume Down 52.8%
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 […]
State of the Market: El Paso County, CO
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.
October 2022 Month to Date by Volume of Sales
As of 28 October 2022, we are down about 42% in the PPAR region for volume of sales.
Where are we for October 2022?
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.
Where did Sep 2022 close out?
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?
4OCT22: State of the Market
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 […]
Sep 2019 – Present rolling 7 day average and median pricing
Here are the last 3 years of 7 day average and median pricing in the region.
August 2022 number of sales down to 2014/2015 levels
August 2022 in the region is closing at in between 2014 and 2015 levels. Sales are down 31% from last August.
A history of July sales as a percentage of inventory
What you see here is a running percentage of July sales as part of inventory from 1996 to 2022. Jonathan Easley and I were talking numbers earlier today and he asked me to plot this statistic for him. How you read the graph is this: in July 2022, we sold 101% of the active listings. […]