Certified Appraisals, Inc. Blog

Below is a graph showing sales volume for the period 2014 through 2024 with a comparison of sales volume for 2024 to the 10-year average. (Source: Pikes Peak MLS)

Below is a graph depicting the percentage change in median sales price for single family dwellings in El Paso County for the period November 2014 through November 2024. (Source Pikes Peak MLS)

Below is a graph depicting total single-family sales in El Paso County for a partial year January through October for the years 2014 through 2024. Total sales have been declining for the past four years after reaching a peak in 2021. 

Below is a graph depicting months of inventory for single family homes in El Paso County for the period January 2014 thru October 2024. Sales volume has slowed over the past two years and is this trend is being reflected in the month of inventory trends for single family dwellings. (Source: Pikes Peak MLS).

Below is a graph depicting the median sale price for single family homes in El Paso County for the period of January 2019 thru October 2024. Overall trends have been relatively stable for this period, although there is a downward trend since July 2024. (Source: Pikes Peak MLS) 

Below is sales volume data from the Pikes Peak MLS for single family dwellings in EL Paso County for the period of January 2018 thru October 2024. Overall trends continue to indicate a decline in overall single-family sales. (Source: Pikes Peak MLS)

Below is data and a graph depicting single family sales volume in El Paso County for the period of January 2018 thru September 2024. The data continues to indicate slowing sales volume for the past two years. There has been some downward trend in interest rates which may assist with increasing sale volume (Source: Pikes Peak MLS)

Below is a graph depicting average days to sell for the period January 2019 thru August 2024. The past eighteen months has seen wide variations of average days to sell with numerous months exceeding the averages over the past five years. (Source Pikes Peak MLS).

Below is a graph depicting the active listing volume for the period January 2014 thru August 2024. Current trend is indicating a larger number of active listings on the market which may indicate a buyers' market. (Source Pikes Peak MLS)

Below is a graph depicting monthly listing volume versus monthly sold volume for single family homes in El Paso County for the period January 2018 thru July 2024.  Listing volume is trending upwards while sold volume is trending downward. (Source: Pikes Peak MLS)

Below is an interest rate chart for the past five years thru August 8, 2024. There is some downward trend in rates which may spur some increased activity in the residential real estate market. (Source: Mortgage News Daily)

Below is a graph depicting sold price to sale volume for El Paso County for the period January 2020 thru July 2024. Sold prices continue to rise with sale volume decreasing. Will be interesting to see what happens to these indicators should the interest rates drop moderately. 

Below is a graph showing sales volume for single family dwellings in El Paso County for the period January 2018 thru June 2024. Volume for the past two years continues to depict a decline in overall sales volume for single family dwellings. This graph only includes sales reported on the Pikes Peak mls.

Below is a graph depicting average sale price vs. average sales volume for the period January 2020 thru June 2024. Sales volume continues a declining pattern while average sales price continues to remain stable to slightly increasing. 

Below is sales volume data for single family homes in El Paso County for the period January 2015 thru May 2024. Clearly the interest rates are putting pressure on the number of sales transactions.  For the year 2024, volume is lower than in 2023 which saw the lowest levels of sales transactions in more than a decade. 

Below is a graph showing average Days on Market and average Sale Price for the period January 2023 thru May 2024 for El Paso County single family homes.  

Below is a graph depicting sales volume trends for the period January 2021 thru April 2024 for residential sales in El Paso County. 

Below is a graph depicting mortgage interest rate trend for the five-year period of May 9, 2019, thru May 9, 2024. There is no indication that the rates are trending downward. 

Below are graphs for the period January 2023 thru April 2024 for monthly sales volume versus monthly sales prices. Both graphs depict and upward trend for volume and average sale price. This is potentially a good sign for the rest of the year.  

Below is a graph of Mortgage rates versus Mortgage applications for the period between February 1, 2019, and February 1, 2024.