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Springs housing market is a split picture
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In the Pike's Peak region, the upper hand in the housing market depends on your ZIP code, new Redfin data shows.
Why it matters: When to buy and sell — especially with today's mortgage rates — is a difficult calculation.
State of play: Manitou Springs is tilting toward buyers, with housing inventory growing. The community had 1.6 more months of housing supply than a year earlier.
Yes, but: In Palmer Lake, price cuts are becoming less common, giving sellers the advantage, according to an analysis of ZIP-code-level data from September, the latest numbers available.
- The share of listings with price reductions in ZIP code 80133 fell 25 percentage points from a year earlier.
The big picture: Colorado Springs' market varies by ZIP code, but buyers mostly have the advantage.