Hey Friends,
The Houston Cougars lost and I lost 3 bracket challenges! Insert sad face emoji. (My home town is Houston in case you didn’t know.) But what a great basketball season it was. Anyhow, I’ve got 5 fun facts for you today, most of which focus on the Pikes Peak region market stats compared to previous months/years. Have a great weekend!
Blessings,
Andrew
Fun Fact 1:
Houses today are much larger- they have increased 138% in median square footage from 1920 to 2020).
Source: US Census Bureau
Fun Fact 2:
Active listings (supply) were up 1.9% when compared to last month and jumped 33.7% when compared to last year at this time. Last year saw 1,775 active listings.
Source: Land Title Guarantee Company
Fun Fact 3:
New listings increased by 36.6% when compared to last month and were up 16.9% YoY. Last year at this time we saw 1,116 new listings.
Source: Land Title Guarantee Company
Fun Fact 4:
March saw a 25.0% increase in inventory when compared to last year. This is down 14.3% when compared to what we saw last month.
Source: Land Title Guarantee Company
Fun Fact 5:
March saw the percent-of-the-closed-price-to-list-price at 98.4%.This is up slightly MoM (0.4%) but down 1.1% compared to last year.
Source: Land Title Guarantee Company
Quote I’m pondering:
“A house is made of walls and beams; a home is built with love and dreams.” – Ralph Waldo Emerson
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.
