Colorado Annual Appreciation
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Selling
January 2023 Real Estate Market Update
Colorado Springs Real Estate Quick Facts 30-year mortgage rates settled back down to 6.13%, down nearly a point from November’s peak 1,172 active listings are on the market, which is up 291% from last year Total new listings for the month were 783, which is down 20% from last year There were 561 sales for
January 2023 Real Estate Market Update Read More »
Looking Back at 2022’s Real Estate Market
The beginning of 2022 looked much like 2021 with fewer than 300 homes actively for sale in our local Multiple Listing Service (MLS) and huge demand which was exasperated by near record low mortgage rates. If you wanted to get under contract and close on a home during the first quarter of 2022, you almost
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November 2022 Real Estate Market Update
Colorado Springs Real Estate Quick Facts 30-year mortgage rates settled back down some to 6.5%, down about a half point from last month 1,682 active listings are on the market, which is up 200% from last year Total new listings for the month were 762, which is down 24% from last year There were 727
November 2022 Real Estate Market Update Read More »
October 2022 Real Estate Market Update
Colorado Springs Real Estate Quick Facts 30-year mortgage rates hit 7.08%, up from 3.0% a year ago 2,047 active listings are on the market, which is up 215% from last year Total new listings for the month were 1,000, which is down 24% from last October There were 899 sales for the month, which is
October 2022 Real Estate Market Update Read More »
The Cost of Rising Interest Rates
Interest rates are rising faster than the price of eggs at the grocery store, and For Sale signs are hatching all around town. If this housing market has you scrambling for answers, you aren’t alone. Is now the right time to buy a home? What if I need to sell? Is my house going to
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2022 Q3 Real Estate Market Update
Colorado Springs Real Estate Quick Facts 30-year mortgage rates hit 6.7%, up from 2.9% from the same quarter last year (SQLY) 2033 active listings for the quarter is up 166% from the SQLY Total new listings for the quarter were 4355, which is down 17% from the SQLY 3256 sales for the quarter, which is
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August 2022 Real Estate Market Update
Colorado Springs Real Estate Quick Facts 30 year mortgage rates are up to 5.89% The number of active listings has leveled off at 2028 from last month Total number of new listings year to date is also on par with last year at 12,347 There were 1,056 sales for the month, down 10% from last
August 2022 Real Estate Market Update Read More »
July 2022 Real Estate Market Update
Colorado Springs Real Estate Quick Facts 30 year mortgage rates settled down a touch, from 5.7% at the beginning of the month to 5.2% The number of active listings jumped to 2003, up 151% Year Over Year (YOY) Total number of new listings year to date hit 10,858, which is up 4.7% YOY There were
July 2022 Real Estate Market Update Read More »
Don’t Call it a Crash, a Nosedive or a Bubble
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
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