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
Are We In A Market Shift?
Dated: June 12 2021
Views: 247
“Are we headed into the roaring 20s or a great depression that followed? As everything begins to open up, we have a lot of money that has been on the sidelines, and it appears people are ready to get out and spend it. Bars and restaurants are full, theme parks across the country are coming back online and the cruise ships are ready to hit the high seas with passengers again. Summer could not come fast enough after the cold, dark, COVID winter.
“But wait, housing never even realized COVID-19 hit nor that we had a winter. And as spring came around, housing sprung up like the newly blooming flowers and just kept picking up steam through April and into May where we experienced a 22% increase in median price over the previous year and we fell more than 60% in active listings. Cash offers, appraisal gaps, escalation clauses all were in full swing as the snow melted and the rains began.
“The question many ask is how long this goes and do these high prices continue? The FED is starting to give hints that interest rates will have to come up with inflation beginning to creep in. And many would argue that inflation did not creep in, it jumped in with both feet and is now crushing the middle class with higher prices in many areas of our lives. Food prices, car prices, housing and many other areas of our lives affected by higher costs and yet are not included in the inflation numbers.
“Summer is going to be hot in both temperature and housing if interest rates and inventory stay low. If either of those change, we can expect that to work itself into the housing market quickly. Personally, I do not see how the FED raises rates. The economy now is being run on cheap money and any change to that will end the ‘fun.’ So, summertime in the Rockies will be filled with concerts, fairs, and a tight housing market,” 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 23, 2026 11:45 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.
