Colorado Springs Housing Market Conditions
Although rising mortgage rates have impacted the Colorado Springs housing market, its economy has remained resilient, and that trend is expected to continue moving forward through 2023. However, the strain on the housing market is still evident as construction industry layoffs have been significant. Builders are easing up on new construction as the demand for new housing has decreased throughout the region.
Another issue affecting the Home Colorado Springs housing market is affordability, as home prices are still at record highs. Long-term increases in the price of new homes for sale in Colorado Springs are forecasted through 2023.
Even with all this turmoil in the housing market, Colorado Springs is on tap to welcome a host of new jobs in the manufacturing and semiconductor industries, which is another indicator of strong economic growth ahead.
Things to Do in Colorado Springs
Colorado Springs, Colorado, located at an elevation of 6,035 ft., sits at the eastern foot of the Rocky Mountains, near glacier-carved Pikes Peak, a landmark in Pike National Forest which offers hiking trails and a cog railway that leads to its summit. Garden of the Gods park features red-sandstone formations and breathtaking mountain views. Winter activities include downhill skiing, cross-country skiing, and snowmobiling. In the warmer months, hiking, balloon rides, camping, and fishing are all popular pastimes. Check out the Cheyenne Mountain Zoo and the Broadmoor Seven Falls. Colorado Springs is also known for its hip bars and breweries, varied dining experiences, and great music scene.
Colorado Springs Industries
The Colorado Springs economy is thriving, and the tourism industry plays a major role in the job market here. Aerospace, military, and electronics are some of the other industries driving the economy in Colorado Springs, which is a great place for job seekers in many different industries.
Most of the Colorado Springs new homes for sale are found in the northern and eastern parts of the city. However, there are also several new home developments in nearby Monument as well as new subdivisions in Peyton.
Top Colorado Springs School Districts
Moving to new schools can be daunting but with the dedicated staff in the local districts put that worry to bed. Colorado Springs School District, Harrison School District and Academy School District are exceptional districts focused on student learning. Your family will be pleasantly surprised with the growth and learning of your students.
Popular Housing Developments in Colorado Springs, CO
Market Overview: New Construction Homes in Colorado Springs, CO
Here is a quick overview of new housing developments in the Colorado Springs area and the new construction market for new build homes in Colorado Springs:
| Market Name | Colorado Springs |
| State Name | Colorado |
| Subdivisions | 86 |
| Homes Under Construction | 218 |
| Quick Move-in Homes | 379 |
| Floor Plans | 787 |
| Starting Price | $299,000 |
| Average Price | $605,084 |
| Price Per SqFt | $202 |
| New Home Builders | 28 |
| Leading Builders | - Classic Homes
- Vantage Homes
- David Weekley Homes
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