An update on what happened to the El Paso County housing market in August.
We had some serious changes in the El Paso County housing market in August 2022. We’ve received the latest data, and today we’ll share a few critical market statistics and indicators, such as sales price and inventory, and explain what they mean to your buying and selling plans.
Feel free to watch the full report in the video above or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:37 — Average and median sales price
1:30 — Number of residential home sales and average days on market
2:09 — Sale-to-list price ratio
2:51 — Buyers are pickier now that they have a bigger selection of homes
3:01 — Available homes on the market
3:14 — Sellers need to consider the new-home communities when listing
3:40 — Sellers have to work with their agents in pricing their homes correctly
4:33 — Sellers have to look at the pending properties more than the sold homes when listing
5:03 — Interest rates are still historically low
5:43 — Wrapping up
If you need more details about this topic or have any other questions regarding today’s market, call or email us. We’ll be happy to connect with you!