HARRY'S BI-WEEKLY UPDATE 6.26.25
June 26, 2025
HARRY’S BI-WEEKLY UPDATE
A Current Look at the Colorado Springs Residential real estate Market
As part of my “Special Brand of Customer Service”, it is my desire to share current Residential real estate issues that will help to make you a more successful and profitable Buyer and Seller.
LOWER INTEREST RATES, MORE INVENTORY AND YET…THE housing market IS STILL SLUGGISH
Yes, mortgage rates are lower—down to 6.81% this week—and there is more inventory as folks are listing their homes for countless reasons, but homes sales are still sluggish.
Existing home sales did increase nationally by 0.8% in May and here in Colorado Springs for all listing types by 0.3% also in May, but affordability remains a challenge compared to six years ago.
Here is a chart that was in The Wall Street Journal this week depicting this:
While the spring buying and selling season is usually the busiest time of year for Residential real estate, this year has proven to be the third straight year of anemic sales during this period.
For a long while, inventory was one of the biggest problems in slowing the market, but as I mentioned earlier, inventory is up for a number of reasons. At present there are half a million more sellers than buyers nationally. However, what could and should be a buyer’s market is not panning out to be so.
Prices are just too high, and interest rates were also up and that’s kept folks from wanting to buy to trade up and most especially to buy for the first time. It’s also keeping investors away at the present time as well.
If this all sounds like a lot of bad news, well it could be. But if you know me at all, you know I’m an eternal optimist and I’ve been quoted as saying, “If there’s a will, there’s me”!
What that translates to is that I can almost always find a way to help my clients get what they want, need and can afford no matter the state of the current market.
If you’ve been wanting to explore how you can sell to trade up or move to a new neighborhood, I can help you determine if now is the right time to do so and if it is, can help you navigate the Residential real estate waters.
Those of you that have been “on hold” are watching homes continue to appreciate while waiting for interest rates to fall and realizing that waiting is costing you, most especially in the home appreciation that’s happening to a home you might want to purchase while you wait.
And, as I also mentioned earlier, there are more properties on the market at present so as a buyer you can use that to your advantage.
NOW is the best time to start your search if you’ve even considered a move in the last year or more. You might be surprised to find that the possible increased equity in your present home could provide you with a greater down payment, which in turn will result in less of a monthly output than you might expect.
But you won’t know anything unless you get together with me and we figure out how to put your wants, needs and budget requirements to the best use to find just the right place for you and your family.
Give me a call today at 719.593.1000 or email me at Harry@HarrySalzman.com and together let’s see how your Residential real estate dreams can become reality in the best time frame for you.
AND…one final thing…
I’d like to wish everyone a very happy and safe July 4th holiday.
WHY YOUR HOME’S ASKING PRICE MATTERS MORE TODAY…an infographic
KeepingCurrentMatters, 6.24.25
The best way to make sure this doesn’t happen to you? Call Me.
I know the value of homes in your area and will know the condition of your home. I also know the value added by any updates you’ve made and the current buyer demand.
If you want a proven pricing strategy that works in today’s market, I’ve your man.
Call me at 719.593.1000 and let me get you the answers to all your Residential real estate questions…be it pricing or whatever. I’m here to assist in any way I can.
ERA SHIELDS STAT PACK
Data through May 2025, ERA Shields
Here is data from my company’s monthly “Stat Pack” that can better help you understand the local buying and selling reality. I have reproduced the first page, and you can click here to get the 5-page report in its entirety.
