We were recently working in Colorado Springs' 80903 zip code. Here is what the data told us. Over the past 12 months, single-family homes that sold without a price reduction closed in a median of 7 days. Homes that needed a price adjustment first took a median of 54 days to close — nearly eight times longer. That gap has held steady for two years running. The share of sales needing a reduction did tick up slightly year over year, from about 39% to 42%, but the underlying patt

We were recently working in Woodland Park. Here is what the data told us. Closed home sales in Woodland Park rose from 278 to 337 over the past year, a 21% increase, according to elevateMLS data comparing July 2024–June 2025 to July 2025–June 2026. Sales volume rose in step, from $169.3 million to $204.2 million. Median sold price moved the other direction, down 3.7% to $540,000. On its own, that could read as softening. The underlying data tells a different story. Median abo

We were recently working in the 80919 zip code. Here is what the data told us. The median sale price for single-family dwellings in 80919 declined by $27,000 between the two twelve-month periods ending May 2025 and May 2026 — from $612,000 to $585,000. That number is accurate. It is also incomplete. When sale prices are measured against total finished area, the picture changes. The median price per finished square foot was $226.95 in the first period across 405 closed sales,

We were recently working in the 80911 zip code. Here is what the data told us. Across 1,099 closed sales of single-family dwellings spanning June 2024 through May 2026, the median sale price in 80911 moved from $381,500 to $375,000 — a decline of $6,500, or 1.7 percent. The average sale price moved from $385,002 to $374,822. Those numbers are real. They are also modest. A 1.7 percent shift in median sale price over two years, across nearly 1,100 transactions, is within the ra

We were recently working in the 80906 zip code. Here is what the data told us. Across 1,017 closed sales of single-family dwellings spanning June 2024 through May 2026, the median sale price in 80906 moved from $561,850 to $555,500. The average sale price moved from $704,838 to $724,315. By those measures, the market held. Prices did not collapse, and transaction volume increased from 489 to 528 closed sales in the second period. What changed was time. The median days on mark

We were recently working in the 80920 zip code. Here is what the data told us. Across 952 closed sales of single-family dwellings spanning June 2024 through May 2026, the median sale price in 80920 moved from $520,000 to $525,000. The average sale price moved from $537,730 to $539,792. The median price per above-grade square foot moved from $298.06 to $299.82. Volume increased from 465 closed sales in the first period to 487 in the second. Every metric pointed in the same dir

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While reviewing recent sales activity in the Broadmoor area of Southwest Colorado Springs, including neighborhoods like Broadmoor Hills,...

As the real estate industry prepares for the changes set to take effect on August 17, 2024, following the National Association of...

Welcome to the Heatherstone Appraisal Group blog! I'm Joe, a Certified Residential Appraiser with over 11 years of experience...