Things have changed a lot in the real estate market in Colorado Springs in the past six months, but it’s still a strong Seller’s Market.

The sky is not falling! The housing market in Colorado Springs is alive and well as we head into autumn of 2022. It’s still a great time to make a move.

The fluctuating housing market in Colorado Springs continued with ups and downs in the month of July 2022.

There has been a slight housing market shift with the number of active listings up by 158% in June, but it continues to be strong Seller’s market

Even with rising interest rates, the Colorado Springs housing market remained strong in a volatile economy.

As interest rates rose at rapid rates and home prices continued to climb, it remained a Seller’s market with lack of inventory being the driving factor.

Even with rising interest rates, inflation, and higher energy prices, there seems to be no slowdown in the housing market frenzy during the first quarter of 2022.

Market conditions continued to favor Sellers’ as we headed into 2022 with no end to low inventory and rising prices. Interest rates are creeping up which will impact affordability for Buyers.

The real estate market finished as strong as ever at the end of 2021 and promises to break new heights as we enter 2022.