June 2019 marks another record-breaking month in terms of home prices for Colorado Springs. The median hit a new high of $331,000 and the average price was $373,793. Sales were down slightly, likely due to lack of inventory.
The good news is that interest rates are even lower than they have been for some time now. For example, VA buyers could see rates in the low 3%! Other buyers could get into a home with as little as $1,000 down and rates in the upper 4%!
Do not delay if you are thinking of buying a home, as home prices are likely to keep rising.
Visit our Colorado Springs Market Conditions page to view more in depth analysis!