Like other areas of the country, the Colorado Springs housing market is experiencing lower inventory along with higher interest rates than in past years. While higher rates would typically mean a drop in pricing, the lower-than-normal inventory across the region and locally has kept pricing higher over many segments of the market.

That said, the market is ready for fresh new inventory. Industry experts suggest that those looking to sell should strongly consider taking advantage of today’s lower inventory by listing sooner rather than later. Buyers are still looking for well built properties with high-level amenities that take advantage of views and outdoor living, however, with low inventory this is a hard find.

If the Federal Reserve lowers rates later this year, then those who buy now will be in a prime position to refinance at a lower rate. Those that do not make a purchase in the current market may be dealing with additional competition from other buyers who waited to enter the market at the “perfect” time.

This month in Colorado Springs, the city is abuzz with a variety of events and activities catering to locals and visitors alike. With summer in full swing, outdoor enthusiasts can explore the city’s numerous hiking trails, parks, and outdoor recreation areas, soaking in the breathtaking views of the Rocky Mountains. Cultural events, such as art exhibits, live music performances, and food festivals, offer opportunities for residents to connect and celebrate the vibrant spirit of the community. Additionally, sports fans can catch exciting games and matches hosted by local teams, adding to the city’s dynamic atmosphere. Whether indulging in culinary delights, immersing in arts and culture, or enjoying the great outdoors, there’s something for everyone to enjoy in Colorado Springs this month.