COS Town Tidings #26-318 | 11/14/26

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

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🛒 Bargain Box - Last Day for 50% Off!

📢 ATTENTION REALTORS! 🏠

🏡 Colorado Springs Leads the Nation in Price Cuts

💸 Mortgage Rates: What 7.31% Means for Homebuyers

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Properties recently sold ranging from $714K to $1.3M. Click for Black Forest listings

Properties recently sold ranging from $310K to $925K. Click for Briargate listings

Properties recently sold ranging from $391K to $725K. Click for Broadmoor listings

Properties recently sold ranging from $205K to $341K. Click for Cimarron Hills listings

Properties recently sold ranging from $890K. Click for Mountain Shadow listings

Properties recently sold ranging from $171K to $540K. Click for Old Colorado City listings

Properties recently sold for $225K Click for Downtown Colorado Springs listings

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If you've noticed more "Price Reduced" signs around town, you're not imagining it. A new report from the Common Sense Institute Colorado found that 56% of Colorado Springs listings have had a price cut. That's the highest share of any U.S. metro with at least 5,000 listings. Denver wasn't far behind at 55%.

Across Colorado, home sales were down 19% in October compared with a year ago, according to the Colorado Association of REALTORS. The statewide median price was $545,000, and single-family homes sat on the market an average of 68 days.

What's behind it? Mortgage rates are above 7%, up from just over 6% a year ago, and buyers are watching every dollar. Sellers are responding with price cuts and extras like help with closing costs. In Denver, nearly 2 out of 3 homes sold last month included seller concessions.

What it means for you: If you're buying, you have more room to negotiate than you've had in years. If you're selling, pricing it right from the start matters more than ever, so you're not chasing the market down with cut after cut. Full Story

Mortgage borrowing costs have edged higher, according to the latest figures provided by Forbes Advisor. The average 30-year fixed mortgage APR is 7.31%, up from 7.09% last week, while the 15-year fixed APR rose from 6.32% to 6.51%. Jumbo 30-year loans are averaging 7.47%, compared with 7.32% last week.

For Colorado Springs homebuyers, higher rates can mean larger monthly payments and reduced purchasing power, while homeowners considering refinancing should weigh potential savings against closing costs.

Rates are influenced by broader economic conditions, lender pricing and individual credit profiles, so the best approach is to compare multiple offers and evaluate what works for your budget. *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}