Colorado Springs housing market sees 54% price cuts

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Colorado Springs housing market sees 54% price cuts

The Colorado Springs housing market showed clear signs of cooling in the week ending Nov. 1, with 53.7% of active listings taking price reductions while inventory climbed to 3,070 homes. The metro’s weekly absorption rate plummeted 50.4% from 476 homes last year to 236 homes, even as the median list price of $529,999 sits $105,000 below Colorado’s statewide median. The data reveals a market grappling with shifting dynamics. While Colorado Spring…