The Wells Group releases monthly statistics with past comparisons so we can look at trends and key metrics in our local real estate market. November 2022 had 67 sales with the total now 1038 for the year. In 2021, there were 125 sales in November and the year total was 1420. This year’s total sales…
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The last few years have produced unforeseen changes in the real estate market from record breaking sales, record breaking low mortgage rates, high inflation for homebuilding, and now low inventory with high mortgage rates. Heading into 2023, Fannie Mae’s economists share their expertise and predictions for the next two years. “A modest recession” is what…
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Monthly, The Wells Group compiles statistics in order to gain further understanding on the current market in relation to years past. After another busy summer, our local La Plata County real estate market is following a past trend of a slower winter season. October 2022 had 85 sales bringing this year to a total of…
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Every month, the Durango Area Association of REALTORS® (DAAR) compiles the previous month’s real estate statistics in order for us to reflect on the market activity and find trends that may help us understand the market’s trajectory. June 2022 saw 129 new single family home listings in La Plata County and 60 sales. Both of…
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One component of homeownership is home insurance. Like car insurance, there are many types of coverage. Mortgage lenders will require some level of home insurance while you have a loan in place. Otherwise, it’s not required, however we highly recommend protecting your investment. Home warranties usually apply to large ticket items such as appliances and…
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The Wells Group captures monthly La Plata County real estate statistics so we can compare month over month and year over year. With these numbers, we can see trends and key metrics that gives insight to what the market has been doing and possibly where it’s headed. April 2022 picked up in sales with 110…
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Monthly summaries of our local real estate market help find trends and key metrics that assist us in understanding where the market is currently and what direction it seems to be heading in the future. The Wells Group looks at January 2022 and three years prior to see the changes and consistencies. There were 66…
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Since the start of the Covid-19 pandemic in early 2020, the national mortgage rates have been on a steady decline to a near record low of 2.79%. When things started to “normalize” again in early 2021, the rates being to rise again, to around 3.2%. At the beginning of 2022 they reached 3.45% as the…
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With the entirety of 2021 real estate market statistics to review, we can see that it was one wild year. Similar to 2020 in elevated sales and pricing trends, we saw another decrease in supply coupled with increased demand. In La Plata County, there were a total of 1420 residential sales. Looking back at 2021,…
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The Durango Area Association of Realtors releases monthly statistics for La Plata County so we can track the activity and mark the changes, key metrics, and…
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- for Max Hutcheson
