Is now a good time to buy a home in Colorado Springs, or should I wait?

**Question:** Is now a good time to buy a home in Colorado Springs, or should you wait?

If you’re wondering whether it’s the right time to buy a home in Colorado Springs, you’re not alone. The best answer depends on your goals, your finances, and how long you plan to stay. Let’s talk through what really matters so you can make a confident decision.

Understanding the Timing Question

Buying a home feels like a big leap—especially when everyone around you seems to have an opinion about the market. Maybe your friends say rates are too high, or maybe you’ve heard prices will drop soon. The truth? There’s never a perfect time for everyone. But there is a right time for you.

Why Trying to Time the Market Rarely Works

Timing the housing market is a lot like timing the stock market—it sounds good in theory, but it’s unpredictable in practice. Even seasoned professionals can’t consistently predict when prices or interest rates will hit their lowest points. Instead, focus on your personal timing. If your lifestyle, job, or family needs are telling you it’s time to move, the data often supports acting sooner rather than waiting for a perfect scenario that may never come.

What to Consider Before Buying a Home in Colorado Springs

Here are a few key questions to help you decide whether it’s the right time for you:

• How long do you plan to stay in the home? (Five years or more helps you ride out market shifts.)
• Are you financially prepared for ownership—down payment, closing costs, and maintenance?
• Is your income stable and likely to grow over time?
• Does the home align with your long-term goals—commute, schools, and lifestyle?

When you work with a local expert like Weldon Hobbs of Team Hobbs Realty, you get more than listings—you get honest guidance about how each of these factors connects to your personal financial picture and lifestyle goals.

What Makes Colorado Springs Unique

Colorado Springs offers a mix of stability and opportunity that sets it apart from many U.S. markets. With major employers like the U.S. Air Force Academy, Space Command, and thriving tech and healthcare sectors, demand for housing remains steady year-round. Neighborhoods like Briargate, Flying Horse, and Cordera attract families for their top-rated schools and community feel, while areas like Old Colorado City and Downtown offer character and walkability.

Even as rates fluctuate, the long-term outlook for Colorado Springs real estate continues to be strong—thanks to limited land availability, population growth, and consistent demand from military and remote workers.

The Real Cost of Waiting

Waiting can sometimes cost more than acting now. If prices rise or rates increase, your purchasing power drops. For example, a small bump in interest rates can add hundreds to your monthly payment. Meanwhile, homeowners who buy now start building equity from day one—something renters miss out on entirely.

Even if prices level off or dip slightly in the future, long-term buyers often come out ahead. As Weldon often tells his clients, 'time in the market usually beats trying to time the market.'

How to Buy Confidently in Any Market

The key is preparation. When you understand your numbers, your goals, and your options, the market becomes less intimidating. Here’s how Weldon Hobbs and Team Hobbs Realty help clients navigate that process:

1. Review your full financial picture and pre-approval options.
2. Identify homes that match your goals—not just your price range.
3. Use data and local insight to craft competitive, smart offers.
4. Negotiate effectively, leaning on proven strategies built from experience.
5. Stay focused on the long view: your home, your lifestyle, your future wealth plan.

Final Thoughts

There’s no universal answer to whether now is the right time to buy—but if your personal situation makes sense, the Colorado Springs market still offers great opportunities for well-prepared buyers. Working with a trusted local advisor like Weldon Hobbs ensures that your decisions are data-driven, personalized, and aligned with your bigger life goals.

Ready to explore your options? Connect with Weldon Hobbs and Team Hobbs Realty to schedule a no-pressure consultation. They’ll help you clarify your next move, whether that’s buying now or building a plan for the near future.

Disclaimer: This article provides general real estate information and should not be considered legal, tax, or financial advice. Always consult qualified professionals for advice specific to your situation.