Colorado Springs

Is it a Buyers Market?

The Colorado Springs housing market is clearly shifting in favor of buyers. After nearly 4 years of mostly flat home prices, inventory is climbing, and buyers have far more options than they have had in recent years. In April, 1,124 single-family homes sold across the area, a 2% increase from the same time last year. Meanwhile, active inventory jumped by 10%, pushing the market to nearly 3,500 homes for sale.

That means Colorado Springs now has almost twice as many homes available as it did before COVID. New listings are hitting the market faster than buyers are absorbing them, which is changing the tone of negotiations. Sellers can no longer rely on quick offers unless the home is priced sharply from day one. For buyers, this is the best negotiating environment we have seen in years.