There is a lot of talk right now and the market has been significantly impact in terms of showings, contracts (both of which are way down) due to the rise in interest rates. I wanted to share the ‘so what’ of these rates. Why are these so important? Let’s take a look at a $375K […]

This shows Banning Lewis Ranch is the top selling subarea with just under 50 sales the last 30 days. They have about 22 homes on the market and 45 homes under contract. Of particular note is that inventory is rising across these subareas. Increased inventory – homes for sale – will put downward pressure on […]

Yes, yes it is. In a number of ways. Let’s take a look at interest rates then and now. “Rates are actually on par right now with the 2008 trend,” I see and hear that being said quite a bit. That’s true. However, that discounts pricing as a factor in the affordability issue we face […]

One of my favorite measures of the market is the closed price to list price ratio (CPLP). That is, the measure of how much above or below list price people are paying for homes. Right now, we are sitting at 1.028, or 2.8% above list price on average. I do think with the rate activity […]

Here’s where the market stands as of 3 June 2022. Of note, we have added about 5 days of inventory in the last couple of weeks.

A tale of one market at two points in time. What you see here is a snapshot of the Colorado Springs region median income from 2005-2008 (green) below the same measure from 2019-2022 (orange). Above these you see the average pricing from 2005-2008 (blue) and above that is the same measure from 2019-2022 (gray). The […]