COS Town Tidings #25-137

🏡 Unlock the Colorado Springs Housing Market: Latest Home Sales and Market Insights - (Gmail will truncate, 👉 click to READ ONLINE)

📢 ATTENTION REALTORS! 🏠

🏡 Inventory’s Up—But Will Buyers Bite?

📢 ATTENTION MORTGAGE BROKERS!

🔍 Mortgage Trends to Know Now

📆 Local Events

🌤 COS Weather - Mostly sunny and warm

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Properties recently sold ranging from $715K to $2.5M. Click to view Black Forest listings

Properties recently sold ranging from $353K to $1.2M. Click to view Briargate listings

Properties recently sold ranging from $385K to $545K. Click to view Broadmoor listings

Properties recently sold ranging from $205K to $555K. Click to view Cimarron Hills listings

Properties recently sold ranging from $350K to $539K. Click to view Stetson Hills listings

Properties recently sold ranging from $460K to $610K. Click to view Banning Lewis Ranch listings

Properties recently sold ranging from $445K to 1M. Click to view Mountain Shadow listings

Properties recently sold ranging from $231K to $975K. Click to view Old Colorado City listings

Properties recently sold for $400K to $820K. Click to view Downtown Colorado Springs listings

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The Colorado Springs housing market is entering summer with higher inventory and increased sales compared to last year, offering more breathing room for buyers. Median home prices remain unchanged, and homes are spending slightly more time on the market.

However, falling national consumer confidence and a shaky stock market may dampen activity, as some prospective buyers take a “wait and see” approach. Mortgage rates are hovering around 6.8%, but a dip below 6% later this year could re-energize the market. *Source

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Mortgage rates may not budge much this year, with experts forecasting they’ll stay around the current high-6% range. While some hope for better affordability by late 2025, factors like tariffs and limited housing supply could keep things tight. The Fed is staying cautious, and rate cuts aren’t expected soon. So if you’re financially ready and find a home you love, it might be better to buy now rather than wait for a drop that may not come.

Refinancing could make sense for homeowners who bought in 2023 or later—but for most, especially those who scored low rates in 2020 or 2021, it’s not the year to make a move. *Read Source

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The latest Real Estate Roundup issue, focusing on the dynamic and ever-evolving Colorado Springs housing market. Our team has compiled* essential market insights to help you stay ahead in your real estate endeavors. _{*Data source: Redfin}