Good morning! As we roll into June 2024, let’s take a quick look at the market for the Colorado Springs region.
We leave May ’24 with a median price of $465K, down $5K from April 2024 but up $10K from May ’23. Our average price is $532K, down $5K from April 2024 but up app. $18K from May ’23. That’s the micro. Macro, we have more homes actively for sale than we have since May 2015 and sales volume is about 2013 levels.
![](https://grokthemarket.com/wp-content/uploads/2024/06/download-1024x772.png)
What does this mean?
Historically, this has meant a lot of downward pressure on pricing. However, we are seeing them hold right now. Here you can see we’ve seen a 3.4% increase in prices over last May.
Will this trend hold?
![](https://grokthemarket.com/wp-content/uploads/2024/06/download-1-1024x776.png)