2023 Colorado Springs Market reaching a more equalized, normalized sellers market, and truth dispel fear discussion with Bill McAfee and Cherise Selley.

Bill shares his theory about the interest rates and for buyers entering the market and his formula for determining if it’s a Buyer or Seller’s market.

Podcast Highlights

0:00 – 2023 Colorado Springs Market Intro with Bill McAfee and Cherise Selley
1:08 – Truth Dispels Fear – Running to Normal 2015 vs. 2023 Days on Market
2:14 – January 2023 Housing Stats and Insight on Average Price
4:03 – We Are Reaching Equilibrium on the Median Home Price
4:44 – Inventory is Shrinking Again in El Paso County
5:15 – It’s a More “Normalized” Sellers Market
5:45 – Supply of Inventory for El Paso County
5:57 – Home Buyer Advantages for 2023
6:24 – Current Interest Rate Stories
7:04 – Bill’s Theory About Interest Rates and Buyers Entering the Market
8:33 – Huge Builder Incentives are Spurring Interest with Buyers
9:02 – Story about Seller Concessions
9:39 – Bill’s Formula for Determining if it is a Buyer or Seller’s Market
11:36 – The New Sellers Market Advice and What to Expect
12:24 – New Listing Ratio Over the Last 7 Days vs. Price Reductions
12:46 – List Price to Sales Price Ratio for the MLS Over the Last 7 Days
13:40 – It’s a Sellers Market … But…
14:31 – The Data Dispels Emotion and Sets Real Expectations
14:55 – Cherise Thanks Bill McAfee for Helping the Real Estate Industry

Cherise Selley and the Group talk about what it takes for buyers and sellers to succeed in a complicated real estate market both in Colorado Springs, and in other locations across the country. Subscribe and hit the notification bell for updates on weekly episodes where we discuss what it really takes to succeed in real estate!

Although we’re based in Colorado, our experience can benefit buyers and sellers, and real estate professionals nationwide.

The Real Estate Show is available on Spotify, iTunes, and on Youtube! Looking to learn more about us? Follow along with Selley Group Real Estate online!