Tag: supply
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Colorado Springs housing market positioned for better times in 2025, real estate expert says
Colorado Springs-area home sales that have slumped in 2024 largely because of higher mortgage rates could rebound next year under a new Trump administration as economic conditions improve, borrowing costs moderate and demand for housing increases, one longtime real estate agent predicts. “Some people are going to say, ‘well, maybe it’s time to think about…
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Colorado Springs-area home sales sputter despite listings that reach 9-year high
The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. At the end of June, 2,974 single-family homes were for…
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Colorado Springs-area home sales sputter in June despite listings that reach nine-year high
The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. At the end of June, 2,974 single-family homes were for…
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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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Rents have tumbled after an apartment surge in Colorado Springs means rents are on their way down
The number of Colorado Springs-area apartments standing empty rose again in late 2023, while rents also fell — the fallout from an oversupply of units that have opened in recent years, one industry expert said. A recently released, statewide report by 1876 Analytics, an affiliate of Denver-based Apartment Appraisers & Consultants, shows Colorado Springs’ apartment…
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Colorado Springs home prices set more record highs; average price tops $500K
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The trend isn’t necessarily your friend if you’re trying to buy a single-family home in the Colorado Springs area. Local home prices soared to a new round of record highs in June, as the average price cracked the $500,000 mark for the first time, according…
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Colorado Springs home prices set more record highs; average price tops $500K
The trend isn’t necessarily your friend if you’re trying to buy a single-family home in the Colorado Springs area. Local home prices soared to a new round of record highs in June, as the average price cracked the $500,000 mark for the first time, according to a monthly market trends report released Thursday by the…