TUESDAY REAL ESTATE NEWS FOR THE WEEK ENDING MARCH 11TH 2024


 
REAL ESTATE MARKET WATCH WEEK ENDING MARCH 11TH 2024
THIS IS FOR THE ENTIRE PIKES PEAK MLS TO INCLUDE SINGLE FAMILY HOMES, PATIO HOMES, CONDOS AND TOWNHOMES.

Let's talk about new listings for this week. We had 298 new active listings. 74 homes came back on the market. This gives us 372 new active listings for this week.
This week we have 156 homes under contract, 196 pending for a total of 352 homes off the market. This brings us to a positive in inventory by +20 this week. 
Price decreases were at 237 this week.
Withdrawn-13, cancelled-42 and expired-10 which leaves us with another 65 homes off the market this week.
Now the most important aspect of this is the homes sold last week 1329. Homes sold this week were at 228 which gives us minus 101 week over week.

Real Estate Market Watch Pikes Peak MLS March 11 2024

 



Check out Will Michaloski Interest Rate Update from VIP Mortgage:

We saw enough improvement to be back to the lower rates we were seeing a month ago. The stronger job numbers and higher inflation that caused rates to increase about a month ago seem to have been shown to be out of whack because every other data point since then shows that inflation is continuing to cool. We got the BLS jobs numbers this week and the strong job creation from last month that caused concern was revised downward as was December. Additionally unemployment is getting close to the peak of what the fed would accept. That may cause them to really start thinking about cutting rates.

Check out this weeks activity on Single Family and Patio Homes located in El Paso County and Teller County Colorado for the week ending March 11th 2024. All active Single Family and Patio Homes 1,389 thats down by minus 8 week over week. Sold Single Family and Patio Homes in El Paso and Teller Counties 142 thats minus 29 week over week.

 tuesday market watch march 11 24 single famCheck out this weeks activity for Condos and Townhomes located in El Paso and Teller Counties Colorado. All active Condos and Patio Homes are at 335 thats plus 15 week over week. All sold Condos and Townhomes El Paso and Teller Counties  this week are at 21 thats minus 10 week over week.

 tuesday market march 11 24 condos

Homes available for sale located in Wolf Ranch Springs Colorado 80924

Wolf Ranch Homes for sale

TeamSecundy – RE/MAX Properties Inc.
Brad Secundy 719-339-2233
Tempe Krieger 719-310-3339
Jennifer Blanco 719-650-1356
Tyler Secundy 559-740-3350‬
http://www.movetosprings.com
Posted by Brad Secundy on
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