Market Conditions

While we continue to wait for interest rates to moderate, the Colorado Springs market remains surprisingly strong. Prices rose again in June, the median was up 2.9% at $499,000 MLS wide. For homes with a Colorado Springs address the we actually broke a record, with the median at $496,000. Inventory continues to surge however, up 11.7 just over last month. While sales continue to be down from last year, June was off by 13.3% from last year. Pending sales actually dropped from last month, indicating we are in for at least a few more slow closing months.
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, as well as the recent announcement that Space Command Headquarters will be remaining here after all.

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

  • Sales down 13.3% at 1,115 units
  • Average price up 1.6% at $564,407
  • Median price up 2.9% at $499,000
  • Inventory of unsold homes up 40.9% at 2,979 homes
  • Months supply of homes for sale 2.67
  • Pending Sales 1,463
  • Median Days on Market 12

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 1/1/23 through 6/30/24. 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

Updated as of 7/1/2024

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