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
Housing Resilience Remains
Dated: April 25 2025
Views: 188
“The housing market continues to be resilient despite a 28% increase in March listings compared to a year ago and economic uncertainties including tariff talk that is both in and out of the news. Home values continued to rise, and we sold 10% more homes year over year most likely as result of the pull back on interest rates pulling buyers off the sidelines.
“Nationwide, we have begun to see consumer charge-offs jump 6.3%, the highest level in 13 years. This does seem to show some stress on the consumer when we tie that to automobile delinquencies at their highest level since 2009. Federal spending is also setting records. But these numbers are not reflected in the housing statistics. The housing market currently continues to buck this trend, even though days on market increased 9.3%, values continue their trend up in our area.
“As we hit April, we have tariffs hitting, trade wars going, stock market fluctuations that would make one sick. Gold shot up to record highs and then pulled back. Bitcoin pulled back along with the stock market. I believe we are in uncharted territory, and it is anyone’s guess where we go now. While preparing this analysis, the 10-year yield shot up 50 basis points in 48 hours. I’m guessing that, until that settles down and we start to see some balance, buyers may once again pause. While we leave March in the rearview mirror, April will be a very interesting month to watch housing, stocks, and the overall economy,” 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....
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