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
What Now?
Dated: March 15 2025
Views: 264
“Strange times in the housing market right now. Both locally and nationally, we continue to see a major dichotomy in homes that sell, and homes that sit. Higher-end homes continue to move, as seen in our local numbers. While median price rose 3% year over year on all property types, we sold 9% fewer homes and we added 26% more homes on the market. The math does not add up. And, we’re also starting to see some economic shifts that could spell a disaster if they are not corrected, and quickly.
“Looking at some data to see where we may be headed, we found out that 90-day lates on automobile loans hit a 14-year high. The Atlanta Federal Reserve said they believe the first quarter of 2025 will show a negative 1.5% GDP. Top that off, we found out FHA has been paying loan servicers not to foreclose. The delinquency rate is over 11%. It should also be noted that unemployment appears to be going up, corporate bankruptcies are up, and debt is up. I wonder how many other lenders were not foreclosing and how bad the loan situation is if we had all the real numbers. It's speculation on my part, but we are also seeing short sales in the MLS increasing as we progress through the year. None of this screams strong economy and if unemployment spikes, it could cascade into housing quickly.
“If you are a buyer, rates are dropping and that is opening opportunities that we did not have. Renting will still be less expensive, but owning a home is also nice. Sellers, you may be on borrowed time. If we see inventory continue to come to the market this spring, you could see this flip to being a buyers’ market. You want to be priced right, expect to pay 1-2% in buyers lending costs, and understand buyers are very finicky. They know the market is softer, and they are not typically rushing into a home. They are taking their time and making sure they are making the right decision. A major shift from a few years ago,” 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.
