Tag: sales
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The nation’s hottest housing market in 2025? It’s Colorado Springs, new forecast says
Colorado Springs ranks as the nation’s No. 1 housing market for 2025, thanks to hefty increases in home sales and prices, according to an annual forecast released Tuesday for the nation’s 100 largest metro areas by Realtor.com, the California-based online real estate service. The Springs’ top spot results from a 27.1% expected jump in the number of home…
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Sedbrook, McKiernan sign on to lead The Gazette’s sales, marketing and advertising teams
Meeting the diverse needs of an evolving customer base and ensuring that The Gazette’s marketing and advertising teams have the tools to thrive within the workplace are the twin objectives of the news organization’s newest additions, Stacey Sedbrook and Mike McKiernan. Sedbrook, who signed on as vice president of sales and marketing Sept. 3, brings…
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Housing inventory climbs, but Colorado Springs-area home sales remain soft
The number of Colorado Springs-area homes listed for sale last month reached a nine-year high, though a larger inventory of properties from which to choose didn’t necessarily translate to more sales as prices and mortgage rates remained high for some buyers. A new Pikes Peak Association of Realtors market trends report showed home listings totaled…
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Colorado Springs home construction jumps in May as buyers shake off high mortgage rates
Colorado Springs-area homebuilding and prices on the resale side of the local housing market both jumped in May — trends that indicate, in part, that some on-the-fence buyers no longer are waiting for mortgage rates to fall and are taking the plunge on a home. Permits pulled for the construction of single-family, detached homes totaled…
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Colorado Springs home sales slump again in March, report shows
Colorado Springs-area home sales fell again last month as spiking mortgage rates continued to keep homes out of reach for some buyers. Sales totaled 941 in March, a 12.5% decline from the same month last year, a new Pikes Peak Association of Realtors market trends report shows. Except for a slight bump in February, year-over-year…
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Meet the new year, same as the old year; Colorado Springs home sales fall again in January
The new year looked a lot like the old year last month for the Colorado Springs-area housing market, as the pace of buying and selling slumped again and prices remained relatively stable. Even so, some local real estate agents are optimistic that the market is poised to rebound in 2024 as long-term mortgage rates decline.…
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Colorado Springs marijuana dispensaries closing after failure of recreational sales question
Since voters declined to legalize recreational marijuana sales in Colorado Springs in November 2022, dispensaries in town have started to close as proponents of the ballot question predicted. The number of medical marijuana dispensaries in town is down from 114 to 96 since the ballot question, city data shows. Once dispensary licenses are surrendered to…
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Colorado Springs’ housing market slogs through tough 2023; optimism grows for 2024 rebound
Year-end numbers underscore what many homebuilders and real estate agents already knew: 2023 was a tough year for the Colorado Springs-area housing market. “We expected a downturn in 2023, but the downturn was quite a bit more than we anticipated,” said Ed Gonzalez, executive vice president of Campbell Homes, one of the Springs’ oldest locally…






