Liz Cobb: 719.492.4040 | Jerry Cobb: 719.492.4041
What the Colorado Springs Housing Market is Doing Right Now is Finally Finding Its Balance After a hectic period in which demand far outpaced supply, sales of area homes declined almost four percent in the second quarter of 2022, according to data evaluated by ERA Shields Real Estate, after being nearly flat in the first […]
Don’t Call it a Crash, a Nosedive or a Bubble Read More »
Colorado Springs Real Estate Quick Facts New Listings Input for the Quarter was up 611 units, 5599 vs. 4988 (12%) Sales for 2nd Quarter were down 166 units, 3997 vs. 4163 from 2021 [3.9%] Single Family Building Permits were 2580 units for the year, down 153 units Median Price for the Quarter was up to
2022 Q2 Real Estate Market Update Read More »
Colorado Springs Real Estate Quick Facts 30 year mortgage rates were 5.1% at the end of the month, in May 2021 they were 2.95% The number of active listings jumped to 1,219, up 136% Year Over Year (YOY) Total number of new listings year to date hit 7,249, which is up 6.7% YOY There were
May 2022 Real Estate Market Update Read More »
Colorado Springs Real Estate Quick Facts 30 year mortgage rates pushed 5.27% up from 4.72% at the beginning of the month The number of active listings jumped to 661, up 84% Year Over Year (YOY) Total # of new listings year to date hit 5,400, which is up 3.6% YOY There were 1,231 sales for
April 2022 Real Estate Market Update Read More »
Colorado Springs Real Estate Quick Facts New Listings Input for the Quarter were up 13 units from 2021 (3569 vs 3556) Sales for the Quarter were flat, up jut 75 units from 2021 (2778 vs 2703) Single Family Building Permits hit 1326 for the Quarter, down 228 units Median Price for the Quarter was up
2022 Q1 Real Estate Market Update Read More »
Colorado Springs Real Estate Quick Facts 30 year mortgage rates pushed up to 3.89% from 3.56% at the beginning of the month The number of active listings was 366, up 32% Year Over Year (YOY) Total # of new listings for the month hit 999, down 6.8% YOY There were 848 sales for the month,
Real Estate Market Update February 2022 Read More »
As the year begins, it looks an awful lot like it did 365 days ago—extremely low inventory, low mortgage rates and a booming local economy. We do expect 2022 to be another record year but we aren’t expecting prices to jump another 18%. What will make our market a little more reasonable is the level
Looking forward to 2022 Real Estate Read More »
The local real estate market, along with the national market seem to be fully vaccinated and boosted as they had one of the most impressive years ever despite having to deal with a 2nd year of COVID. As the year began, we had the fewest number of active listings ever recorded in our MLS with
Looking Back at 2021’s Real Estate Market Read More »
By looking back at the most recent quarter you can better understand exactly where the market is today and what trends we are beginning to see. Since 2016, the number of listings on the market has been very low. However, the drop we saw last year, and in particular over the last quarter, was even
Real Estate Market Update Q4 2021 Read More »
Market Summary through October 2021 We have heard many people talk about how the market seems to be calming down since late Spring and early Summer. When you look at the number of sales and current inventory levels that would seem to be the case. However, when you look at the lack of supply (just
Real Estate Market Update October 2021 Read More »
Liz Cobb | CO 10004107
Jerry Cobb | CO 40042096
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