A Tale of Marches: Updated
As we roll into April, let’s take a look back at March. As you can see on the chart, the number of sales is down from last year, which is consistent with the trend of the last several months. We are hovering
Author: Rob Thompson
Associate Broker, Realtor® -- 2015, 2016 & 2017 Peak Producer. Rob is retired from the United States Air Force, and has 20 years of prior experience leading, teaching and advocating for “his peoples.” (And, he’d tell you, any one in need is one of his people.)
Rob also spent four years years teaching leadership, ethics and perspective at a top tier college. Rob has a Masters in Business Adminstration (MBA) and a special interest in consumer advocacy and distressed sales. Long term, Rob wants to go to law school.
Personally, Rob enjoys running, Krav Maga, experiential learning and is an avid reader. Most importantly, he’s a father whose kids means everything to him.
PPAR Region State of the Market
We are closing for the month of March 2023 at an average of 501K with 46.86 days on the market. Homes are closing on the average at 3.1% below original list price. Sales are down 29.2% from this time last year and
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 can see below, we are back over over the last several months or so to around 2015 territory.
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 Springs as a region measures against that percentage. What you see in the line chart below is that