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Central Colorado Springs Real estate; Cimarron Hills Real estate; East Colorado Springs Real estate; There were 1,414 new listings submitted to our MLS last month. Housing market: Most expensive states for first-time homebuyers Desirability brings demand. A majority of people dont know whens the best time to buy a house. Another important metric to consider is the Percent of List Price Received, which dropped to 98.5%. Is real estate housing market slowing down in CO? It defines the composition of the population based on age, race, gender, income, migration patterns, and growth. These trends suggest that the Colorado Springs housing market may be shifting toward a more balanced market, where buyers have more options and bargaining power. Colorado Springs sits on the eastern side of the Rocky Mountains. Is real estate housing market slowing down in CO? Inventory is still low, standing at 3.2 months supply. Colorado Springs allows properties to be rented out on a short-term basis, but you must have a short-term rental permit and collect the appropriate taxes. This indicates that the rate of existing home sales has slowed to its lowest level in 10 years. Inventory of Active Listings increased by 59.3% year-over-year. A home inspector can help the buyer inspect the property thoroughly. The median sales price increased by 1.8% YoY to $348,000 in Feb 2023. While home prices have increased, there has been a drop in average sales price and an increase in the inventory of active listings. Data maintained by RSC may not reflect all real estate activity in the market. Is Colorado's housing market over the peak? | Subscriber Content Whether youve decided to upsize or downsize to live in a low-maintenance home. A housing market bubble starts to form when mortgages are available at low-interest rates, substantial job growth, and lenders easily avail the loan. The 10-year home sales trend reflects the number of homes sold for March 2023, going back ten years. Home prices may continue to decrease, and it is possible that the number of days on the market will continue to rise. Buying a home solely for selling will only increase inventory. By researching and structuring complete Colorado Springs turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. You can convert your property into an Airbnb vacation rental and rent it out to vacationers and tourists on a short-term rental basis. Dallas county was a seller's real estate market, which means that there are more people looking to buy than there are homes available.