In this episode, Cherise and Shawna recap the real estate statistics of Colorado Springs in October 2022 compared with October 2021, emphasizing the increases in home sale prices and available inventory. We are officially in a buyer’s market!

Cherise and Shawna share what they learned from a recent real estate forum, where nearly 500 agents were in attendance! Dr. Ted Jones, the chief economist of Stuart Title, shared his insights into the market of Colorado Springs and the national market. 50-60 slides of Dr. Jones’ presentation are available for interested listeners!

Listen to the podcast to hear where Colorado ranks among other US states in population increase and the current job market. You’ll also hear Cherise and Shawna explain why Colorado Springs has a strong and stable economy, even as the nation as a whole might be in for more downward economic movement in the next several months.

Finally, the hosts give helpful advice on long-term thinking in the real estate market, and the importance of planning for years ahead instead of months ahead. Listen now to hear how you can benefit from working with Selley Group.

Podcast Highlights

0:00      Introduction Shawna Uheling and Cherise Selley
0:39      We Are Thankful For You
1:09      Real Estate Stats for El Paso County
1:42     Active Inventory 2022 vs. 2021
2:15     Sales Comparison 2022 vs. 2021
2:38     Not a Crash and Burn but a Market Turn
3:15     Month’s Inventory on the Market
3:36     Advice if You Call us and are Listed with Another Agent
5:12     Intro to Dr. Ted Jones Economic Forum Highlights
8:08     Greatest Population Changes During CoVid
9:16     The Country vs. Jobs in Colorado
10:44   Will There be a Recession in 2023?
11:34   First Indicator of a Softening Real Estate Market
12:25   Is the Market Going to Get Better Next Year?
13:00   The Good News – Space to Process
14:15   Holiday Wishes to Our Dear Clients

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, selling Colorado Springs Home for Sale, 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!

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