You can charge landlords a start-up fee and 20% commission for co-hosting (finding clients and getting the property Airbnb ready). Another major attraction is the US Olympic Training Center, located in Colorado Springs. Mortgage Interest rates significantly impact the current Colorado real estate market. Published: Apr. Colorado Springs Housing Market Predictions from March 2021 continue to show a dramatic change from the same time last year. Realtors provide access to the MLS, but you can skip this and list on MLS via theColorado Flat Fee MLSlisting service. If this were 2019, the for-sale housing market in Colorado would be considered booming. Over a given period, the median house price is the middle sale price among all homes ranked from highest to lowest. The market has seen a decrease in new and sold listings, as well as an increase in the inventory of homes for sale and the time it takes to sell a home. Learn what happens to the Colorado housing market during a recession. However, given the recent trends, it seems likely that the market will continue to cool off somewhat. How's the Spring Housing Market Expected to Look? Looking ahead to the rest of 2023 and into 2024, it is difficult to predict with certainty what will happen in the Colorado housing market. While the market may be slowing down, it is still a seller's market, and prices are expected to continue appreciating, albeit at a slower pace. Know exactly whens the best month to buy a house. Is this the right time to sell? The latter category is driven by defense contractors in the area. Listing on MLS is the best way to sell a house. It will take many months to determine where the national and local housing markets will settle. Also, The median price of an existing home sold increased to $384,800, an 8.4% increase from a year ago. These are Cash-Flow Rental Propertieslocated in some of the best neighborhoods of Colorado Springs. The Denver metropolitan area is home to around 2.7 million people. Recent months have seen month-on-month declines in the Florida median sale price. The cost of obtaining a mortgage decreases as soon as the interest rate does, which increases demand for real estate and raises home prices in CO. The 10-year home sales trend reflects the number of homes sold for March 2023, going back ten years. Know how to get the best deal while selling a house in Colorado. One of the most significant changes in the market is the increase in the number of days on the market until sale. What's in Store for Colorado's Housing Market in 2022? Buying a home might not build equity as quickly as expected. The months supply metric is calculated by dividing the number of homes for sale by the number of homes sold in a month. Buying a home is the biggest investment opportunity for most people in their lifetime. Colorado Springs housing market | Subscriber Content | gazette.com The Colorado housing market starts to slow when the properties supply exceeds the present demand. Understanding and dealing with sellers disclosure in Colorado can be intimidating for home sellers. It's a strange time to try and predict the housing market. While there is always a risk of a market crash, it is unlikely to happen in the current scenario. Zillow has 1573 homes for sale in Colorado Springs CO. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. As the pandemic continues to evolve, it's important to monitor any potential changes in the housing market and adjust accordingly. Fair Market Value: Want to know what is fair market value and how is it calculated? The Colorado Housing Market 2021 Will Be a Seller's Market If you were searching for a buyer's market in the US housing market 2021, you may not find it in Colorado. As a result, there are more people looking for lower cost, adjustable rate loans. https://www.zeonamcintyre.com/blog/2018/1/26/airbnb-investing-trip-colorado-springs-edition Creative Ways To Market a House For Sale: Learn how to creatively market your home. With less disposable income, more layoffs, and few income opportunities, homebuyers resist buying a house. That's despite an enormous increase in construction, the biggest boom since the early 2000s, according to CAR. Some experts also believe that the 30-year and 15-year mortgage rates could drop to 6.0 percent and 5.25 percent, respectively. Theres a strong demand for homes across various demographics. Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments a nationwide provider of turnkey cash-flow investment property. According to the NAR, the rate of home appreciation from August 2021 to August 2022 was 7.7 percent. Colorado's economy has been robust, with low unemployment rates and a thriving tech industry, attracting a large number of people to the state. Currently, the 30-year fixed mortgage rate is hovering around 2.9%. https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/, https://www.zillow.com/ColoradoSprings-co/home-values, https://www.neighborhoodscout.com/co/colorado-springs/real-estate/, https://www.realtor.com/research/hottest-zip-codes-2021/, https://www.realtor.com/realestateandhomes-search/Colorado-Springs_CO/overview, https://greatcoloradohomes.com/colorado-springs-real-estate-market-statistics.php, https://www.propertymanagementincoloradosprings.com/colorado-springs-local-market-statistics, https://www.rentcafe.com/blog/renting/states-best-worst-laws-renters, https://morrisinvest.com/blog/2016/12/21/5-most-landlord-friendly-states, http://www.landlordstation.com/blog/top-landlord-friendly-states, https://www.zumper.com/rent-research/colorado-springs-co, https://en.wikipedia.org/wiki/Colorado_Springs,_Colorado, https://realestate.usnews.com/places/colorado/colorado-springs, https://www.military.com/base-guide/colorado-springs-military-bases, https://www.zeonamcintyre.com/blog/2018/1/26/airbnb-investing-trip-colorado-springs-edition, https://www.krdo.com/news/top-stories/airbnb-ordinance-passes-2nd-vote-by-colorado-springs-city-council/862178044, https://www.avalara.com/mylodgetax/en/blog/2018/10/colorado-springs-passes-new-airbnb-rules.html, er-denver-colorado-springs-might-have-the-hottest-housing-market, demand in the Denver housing market for the past many years, Colorado Springs turnkey real estate investments. Heres our guide. The 1873 Stock Market Crisis. Until housing inventory remains low. As a result, supply increases, and prices drop. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. Main Menu. One solution for many is living in Colorado Springs and commuting an hour or more each way to work. Learn about it so that you are aware. 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. A home inspector can help the buyer inspect the property thoroughly. Demographics make it easy to determine what types of real estate properties are in demand. The Colorado Springs Gazette, LLC on LinkedIn: Colorado Springs housing The first and foremost step is to find a medium to sell your house for top dollar. Colorado Springs Housing Market | Is the housing market going to crash?