Homes are in big demand around Colorado Springs with new record highs

moneymoney

COLORADO SPRINGS, CO – Homes are in big demand around Colorado Springs. The average home value in the region has risen to a new record high, of just over 295,000 dollars.

Eddie Hurt with Shields ERA real estate talked to our partners at news the demand is from people moving to the area; rising rent rates… pushing renters to buy; and

builders who cut back during the recession ten years ago, are now cautious about building too much, too quickly.