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Colorado Springs Real Estate is Slowing Down

The Colorado Springs housing market is shifting in favor of buyers. Home prices have remained flat for 4 years while inventory has climbed. We watched exactly 1,036 single-family homes sell in March. That's a 2% decrease from this time last year. Active inventory increased by 16% to reach 3,057 homes for sale.

We have nearly twice as many homes on the market right now as before COVID. Listings are piling up faster than buyers can purchase them. Sellers can't expect quick offers without very sharp pricing. Buyers definitely hold the upper hand in negotiations right now.

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