We’re excited to share why the current real estate landscape in Colorado Springs is brimming with opportunities for both buyers and sellers alike. Read on how you can take advantage of this opening and get yourself the home of your dreams!
Market Insights: Lower Interest Rates and Limited Inventory
As of January 31, 2024, Colorado Springs is experiencing a unique convergence of factors making it an opportune time for real estate transactions. The lowering interest rates, coupled with a limited inventory of only 1,259 existing single-family homes and a total of 2080 active properties on the market (according to our research), present a promising scenario. As the Permanent Change of Station (PCS) season approaches, the demand for homes is on the rise, creating a dynamic market environment.
Neighborhood Highlights: From Fountain to the Mountains
For first-time homebuyers, the Fountain community emerges as an excellent choice, offering affordability without compromising on quality homes. Its proximity to Fort Carson ensures a short commute for Army personnel. Areas like Banning Lewis Ranch, Cordera, and Wolf Range to the North and East cater to Air Force and Space Force bases, providing family-friendly environments. Meanwhile, the downtown area buzzes with events, and the west of I-25 offers easy access to hiking, biking, and trails on the eastern slopes of the mountains, with a quick route to Denver via I-25.
The Ideal Time to Buy and Sell: Strategic Moves for Homeowners
Now is the ideal time to make strategic moves in the Colorado Springs real estate market. Although interest rates may currently be slightly higher than desired, many economists suggest a potential drop in rates in the coming months. For buyers, this presents an opportunity to secure a property now and refinance at a lower rate down the line. For sellers, the limited inventory means less competition, making it a great time to showcase your property to motivated buyers.
Your Go-To Source for Real Estate Insights
In keeping with our commitment to being real estate agents for the people, I want to provide you with the friendliest and most informative insights into the current market. These aren’t just transactions; they’re opportunities to find the ideal place to call home right here in the Colorado Springs area.
Market Comparison: Tracking the Numbers
As of January 31, 2024, there are 1,259 existing single-family homes on the market, slightly higher than the 2023 number of 1,248 single-family homes. This subtle increase signifies a dynamic market with ongoing opportunities for both buyers and sellers.
If you’re considering making a move in the Colorado Springs real estate market, now is the time. Reach out for a free consultation, and let’s navigate this thriving market together.