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
Buyers Sideline In Hopes Lower Rates, Or Lower Prices.
Dated: June 12 2025
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“May continued to bring a higher volume of inventory to the market, up 27.7% year over year and giving buyers a lot of options. Pending home sales also rose 15.3% for single-family and 18.5% for townhomes and condos. Balance has continued to enter the market as days on market increased 24%. Buyers are going to have plenty of options and, in many cases, time to think about their purchase. Gone are the days of one-hour offers and escalation clauses in most of the market. There are outliers but overall, buyers can take a breath.
“Across the U.S., housing market inventory continues to rise. New listings are up 9% to the highest number since July 2022. The Kobeissi Letter reported that Americans are increasingly downsizing their homes due to affordability and concerns on the economy. I am personally seeing that with some of my own clientele. I do believe there is some truth to this. Also, in our local area, with a larger military presence, we get natural turnover in that market.
“The Federal Reserve’s talk of rate reductions is on standby. Despite much of the world’s central banks lowering rates due to weakening economies, the United States Federal Reserve is on a wait and see until something breaks philosophy. Currently, it appears Americans are not going to get a break from these higher rates. The 10-year yield remains at 4.5%, keeping mortgage rates elevated. The big news was Moody’s downgrade of the U.S. credit rating. However, that did not appear to play out anywhere but in news headlines. Spring is behind us, and sellers who need to sell should get serious prior to school starting. Buyers would love to buy, but affordability continues to keep them waiting,” 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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