The Colorado Springs housing market is shifting in favor of buyers. Home prices have remained flat for 4 years while inventory has climbed. We watched exactly 773 single-family homes sell in February. That's a 6% jump from this time last year. Active inventory increased by 20% to reach 2,926 homes for sale.
People haven't seen this many choices for listing since before COVID. Listings are piling up faster than buyers can purchase them. Sellers can't expect quick offers without very sharp pricing. Buyers definitely hold the upper hand in negotiations right now.