As a new service in 2024, we will be providing a complete list of monthly market statistics for El Paso County and/or particular zip codes. If you’re interested in receiving this monthly stat report, please email [email protected]
In February, the El Paso County real estate market saw new listings hit the market, as is seasonally expected. Months supply of inventory decreased month-over-month to 2.3 months. Listings saw an average of 51 days on market, roughly equal to what we saw last year at this time. The market saw an increase in the sales price relative to the original listing price, however this isn’t necessarily telling the entire story of demand in the marketplace. Active listings and inventory are both up from this point last year. Anecdotally we hear, even though sellers may be adjusting to the changing market, buyers are still in a hyper-sensitive interest rate state of mind.
New listings were up 16.8% when compared to last month and increased by 13.1% when compared to last year. Last year at this time we saw 791 new listings
Pending properties were down by 8.5% year-over-year and decreased by 5.9% when compared to last month. Last year saw 720 pending units.
February saw a 9.5% increase in inventory when compared to last year at this time. This data point was down 25.8% from last month.
February listings saw 51 days on market, on average. This was an increase of 4.1% when compared to last month, which saw 49 days on average.
This data point was up 1.1% when compared to this time last year, and up slightly (0.4%) when viewed month-over-month.
If you would like to have our monthly stats for your zip code, please email [email protected]. Stats are released on the 15th of each month. If you would like to be taken off further mailings in area code 80919, email [email protected] with the subject: Remove from Mailing list. We understand that most of you have agents or are not in the market to sell.
With our extensive knowledge and commitment to providing only the best and most timely information to our clients, we are your go-to source for real estate industry insight and advice. Buying or selling a home is more than just a transaction: it’s a life-changing experience. Feel free to contact us for all your real estate needs.