Jacob McCrackin
Please fill out our form! We do not sell any of your information to third-parties. You will only be contacted by Jacob McCrackin directly.
The latest housing data for the Pikes Peak region shows the market beginning to pick up as we move closer to the spring season. New listings increased, sales activity jumped from January, and overall inventory continues to improve compared to last year.
While the market is still balanced compared to the extremely competitive years we saw earlier in the decade, activity is clearly starting to heat up as we head into the spring buying season.
Single Family / Patio Homes
New Listings: 1,418 (+11.3% from January, +20.1% year-over-year)
Closed Sales: 773 (+21.4% from January, +5.9% year-over-year)
Average Sales Price: $524,494
Median Sales Price: $465,000
Active Listings: 2,926 (+20.7% compared to February 2025)
Months Supply: 3.8 months (down from 4.5 months in January)
These numbers show that buyer activity increased significantly in February, which is typical as we move toward the spring market.
Inventory across the Pikes Peak region has increased compared to last year, giving buyers more options than they had during the ultra-competitive markets of the past few years.
However, one important trend in the February numbers is that months supply dropped from 4.5 months in January to 3.8 months in February. That decline shows that homes began selling faster as buyer activity increased.
In simple terms, while there are still more homes available compared to last year, the pace of the market is starting to pick up again.
Closed sales jumped from 637 homes in January to 773 homes in February, a 21% increase month-to-month.
This type of increase is common this time of year as the market transitions from the slower winter season into the more active spring market. It’s also a positive sign that buyers are still active and moving forward with purchases despite higher interest rates.
The average days on market is currently around 67 days.
While that is slower than the extremely fast pace we saw during the pandemic years, it reflects a more normal and healthy market. Buyers now have a little more time to evaluate homes, while sellers still see steady activity when homes are priced correctly.
For February, the numbers show:
Average Sales Price: $524,494
Median Sales Price: $465,000
Month-to-month price changes are relatively small and are common during the winter season. Overall, home values in the Colorado Springs area have remained relatively stable.
For buyers, the current market still offers opportunities.
There are more homes available compared to recent years, which means buyers have more choices and less pressure than during the peak seller’s market. At the same time, the increase in sales activity shows that well-priced homes are still moving.
Buyers who are prepared and working with a knowledgeable agent are still finding great opportunities in today’s market.
For sellers, the market is becoming more active as we move into spring.
Buyer activity is increasing and inventory levels remain reasonable. Homes that are priced correctly and presented well are continuing to attract attention.
As always, pricing strategy and marketing exposure remain key factors in getting strong results.
Overall, the Colorado Springs housing market is beginning to gain momentum as we head into the spring season. New listings are increasing, sales activity jumped from January, and buyer demand is starting to strengthen.
While the market is more balanced than the extreme seller’s market of the past, the February numbers show that activity is picking up and homes are continuing to sell across the region.
If you’re thinking about buying or selling in the Colorado Springs area this year, understanding these trends can help you make more informed decisions.
Market data referenced in this report is based on information provided by the Pikes Peak Multiple Listing Service (PPMLS) and REALTOR® Services Corp (RSC). While deemed reliable, the information is not guaranteed and may not reflect all real estate activity in the market. Real estate market conditions can change frequently, and statistics may be updated as new data becomes available. This information is intended for general market insight and should not be relied upon as a guarantee of future market performance.