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
Summer Struggles
Dated: July 16 2025
Views: 79
“Summer fun may be here but, real estate in the Pikes Peak region is far from fun for most. June was lackluster for much of the broader housing market. We saw a negligible increase in median prices of 0.3%. More listings came to the market year after year, with a 25.7% increase, and we experienced an uptick in overall sales of 6.5%. The market continues to feel stagnant in many price points. Days on market increased 26.7% for single-family homes and townhomes/condos was up just shy of 43%.
“The U.S. economy added 147,000 jobs and unemployment dropped. But once you get into the details, a large portion of those jobs were government employees. Manufacturing saw job loss. We continue to see delinquency rates rise over in the commercial mortgage-backed world, now at a record 11.1%. This is above the 2008 high of 10.7%. Nationwide, homebuyer demand is very low. Consumers continue to feel the pressure economically and this is being felt in housing.
“The Federal Reserve meets in July and there was talk about a .25% drop in the Fed Rate. However, the latest jobs report, along with inflation fears, may keep them from doing that. Many markets are starting to see affordability enter the housing market. Austin Texas and Texas in general, as well as many areas around Florida continue to see increased inventory, lower demand and prices are pulling back. Often it is noted that Florida is the canary in the mine for what the nation’s housing market is doing. If that is the case, buyers may have some relief coming. Currently, it is a stagnant, not much happening, slow market here in the Pikes Peak area. Buyers are getting better deals, concessions and things are looking better than 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....
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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
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