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Will 2024 or 2025 Be a Good Time to Buy a Colorado Springs House?

Will 2024 or 2025 be a good time to buy a Colorado Springs house? If you’re thinking about buying a house in the next year or so, you’re likely wondering about the interest rates, market conditions, and home prices.

In this post, Colorado Springs real estate expert Barb Schlinker and our realtors at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will discuss what to expect from the housing market in the second half of 2024 and 2025.

Key Takeaways:

  • In recent months, the Colorado Springs market has been a very strong buyer’s market, which means demand is low. As a result, homes stay on the market longer and sell for less.
  • According to some economists, The Federal Reserve is expected to start cutting rates as soon as September 2024.
  • In general, 2024 can be considered a good time to buy a home in Colorado Springs, though it may also be a good idea to wait until later in the year to see what the market conditions will be like going into 2025.

Will 2024 or 2025 Be a Good Time to Buy a Colorado Springs House?

The answer to whether 2024 or 2025 will be better to buy a Colorado Springs house is it depends. In recent months, the Colorado Springs market has been a very strong buyer’s market, which means demand is low. As a result, homes stay on the market longer and sell for less.

The median sales price is $475,075, which is about the same as the previous year. Meanwhile, the housing supply has increased significantly in recent months, jumping from almost 2,000 homes for sale to 3,000.

These market conditions are good news for buyers. In addition, 2024 brings some positive news for mortgage interest rates. Interest rates have dropped significantly from their all-time high a couple of years ago and as of 2024, have stopped rising.

According to some economists, The Federal Reserve is expected to start cutting rates as soon as September 2024. And while it’s impossible to predict what the housing market conditions will be like in a year, market experts are predicting that 2025 will experience a further decline in interest rates.

Overall, this is good news for buyers in Colorado Springs. The buyer’s market conditions mean that prospective home buyers will see less competition from other buyers and be able to take advantage of low home prices.

What Should You Consider When Deciding on the Best Time to Buy a Colorado Springs House?

In general, 2024 can be considered a good time to buy a home in Colorado Springs. However, it may also be a good idea to see what the market conditions will be like going into 2025.

Ultimately, the answer to whether or not you should buy a home in 2024 or 2025 will depend on your personal circumstances. For example, what kind of home you’re looking for, your ideal neighborhoods, and your budget. Consulting with a professional Colorado Springs realtor is the best way to determine when to enter the housing market.

Buy a House with Colorado Springs Real Estate Expert Barb Schlinker

Will 2024 or 2025 Be a Good Time to Buy a Colorado Springs House?
Barb Schlinker

If you’re looking for the best realtor in Colorado Springs, look no further than Barb Schlinker and our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team. We’ve been in the real estate business for a little over 27 years, which means we’ve helped thousands of home buyers find their dream homes.

Our Colorado Springs real estate agency has developed a reputation among our clients for high-quality customer service, attention to detail, and a stress-free experience thanks to our VIP Buyer Program.

With this program, you get curated property hotlists, free home-buying resources, and our unique Buyer Satisfaction Guarantee

To learn more about buying a house in Colorado Springs with our team, reach out to us today at 719-301-1802 or [javascript protected email address]. Your dream home awaits!

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