COLORADO SPRINGS“The statistics do not tell the entire story. We may show only a 1.1% drop in the median sales price for all properties, and a slight uptick in active properties, but the real
November Continues It's Housing Rally
Dated: December 16 2020
Views: 407
“It is almost hard to be creative when writing these reports because the story remains the same. Much like the lack of snow fall to hit this winter we are seeing a total lack of inventory as well. Coming into November, we dropped another 6.4% on single-family home inventory. Like months past, as the inventory shrank we saw pending sales increase and demand pushed prices up with the median sales price rising 18.4% year over year. This directly ties into the -59.7% drop in active listings from this time last year.
“The insanity continues despite the fact that we are seeing shutdowns again across our state and the nation. Unemployment filings continue to go up, forbearances are still being used and delinquencies across the major government loans are up. We have a detached economy, which has been the case all year in regards to real estate. Regardless of the economic data, the real estate market continues to be a shining light.
“Nationally, we will enjoy low interest rates, probably forever. As states shut down again, the economic damage becomes harder to reverse and 2021 could go either way. However, if real estate behaves like it has been, it should hold up well. Time will tell how quickly we can work past these closures,” said Colorado Springs-area REALTOR® Patrick Muldoon.
Patrick Muldoon
I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....
Latest Blog Posts
The housing market continued to plug along in July across the Pikes Peak Region, remaining essentially unchanged from last July in median price, sales, and active listings. Still, the market feels
COLORADO SPRINGS“We had a little bit of stabilization in May across the front range as sold listing increase 8% year over year, added slight value (0.8%) to the median sales price, and watched
“The Front Range market of El Paso County and Teller continues to drag. April saw a 1.8% increase in total units sold from last year, but we remained 6.3% higher on active listings and our
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Muldoon Associates, Inc. are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. September 22, 2026 11:19 AM UTCd
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by elevateMLS.
Pueblo Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2026 All rights reserved.
