January 11, 2021- Colorado Springs’ home shortage, which has buyers increasingly frustrated and real estate agents concerned, shows no signs of ending anytime soon.
Just 530 single-family and patio homes were listed for sale in December in the Springs area — the fewest over at least the last 25 years, according to the latest Pikes Peak Association of Realtors’ market trends report and Gazette records.
Last month’s miniscule number of homes was the equivalent of just under a two-week supply, based on the recent pace of sales and if no additional properties had come on the market, the association’s report shows. Homes in the report were listed by real estate agents, not individual sellers; most were in El Paso County.