Market Conditions

January sales were surprisingly strong compared with last year, up 4.2%. Both median and average sales prices were also up, indicating underlying strength in the market. The median days on market were up to 48 day, so there are clouds on the horizon while we all wait for interest rates to come down.

Colorado Springs was recently ranked the #3 best place to live by US News and World report, a reminder that upward pressure may continue for some time on our market. Recent new job announcements in the area will also continue to add housing demand.

Here is a brief summary of some of the January data:

  • Sales up 4.2% at 696 units
  • Average price up 5% at $548,542
  • Median price up 6.6% at $482,500
  • Inventory of unsold homes up 45.5% at 2,527 homes
  • Months supply of homes for sale 3.6 months
  • Pending Sales 1,108 homes
  • Median Days on Market 48

For more details, see the Colorado Springs Homes Sales Trend Data


“Based on information from the Pikes Peak REALTOR Services Corp. (“RSC”), for the period 1/1/24 through 1/31/25. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.” Copyright © 2024 REALTOR® Services Corp. Questions about this data analysis should be directed to Rick Van Wieren, RE/MAX Properties, Inc, 1915 Democracy Pt, Colorado Springs, CO 80908 ph 719-331-7675 or email vanwierenrick@gmail.com

Updated as of 2/4/2025

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