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
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“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 median price continues to pull back, down 2.7%. At the ground level it felt like a drag and is a mixed bag house by house. Many homes see price reductions, some getting multiple offers but overall, buyers continue to sideline under higher home prices, higher gas prices, higher interest rates and job fears. The townhome and condo market continues to feel more pain than single family due to continued unknowns in insurance and HOA fees.
“Other indicators continue to point to economic pressures that are worth noting. The average car owner is now upside down $7,200 dollars per vehicle in Q1 2026. It is the fourth consecutive annual increase. American economic confidence is now below 2020 levels with 73% of Americans thinking the economy is getting worse. To top it off, the private equity firms, also known as hedge funds, continue to show stress.
“The fact remains that the housing market is running out of buyers. There are 46.3% more sellers than buyers in February, and that number continues to remain out of balance. Denver was ranked as one of the higher depreciating markets, and that is sure to push down the front range. With higher inventory, values dropping, and a lack of buyers both locally and nationwide, I expect that home prices will continue to pull back throughout the year. Sellers who need to sell, should take this time to do so and be realistic about it. I do not see anything getting better for the remainder of this year,” 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
“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
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