Jacob McCrackin
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As we step into March, the Colorado Springs real estate market continues to show signs of transition and opportunity. With varying trends across single-family homes and the condo/townhome sectors, buyers and sellers alike should keep a close eye on the data from February to make informed decisions. Here’s your full breakdown of what’s happening in the market.
Single-family and patio home inventory remains tight, with a slight decline in new listings compared to January. However, sales activity has increased, indicating solid buyer interest.
Condos and townhomes are showing price relief, with average and median prices taking a noticeable dip — a potential window of opportunity for buyers.
Overall market activity is steady, with some year-over-year gains in pricing despite a slight drop in sales volume.
Year-over-Year Comparison (Feb 2024 vs. Feb 2025):
Despite a modest month-to-month drop in prices, the year-over-year gains suggest a resilient single-family home market with continued value growth.
Year-over-Year Comparison (Feb 2024 vs. Feb 2025):
Condos and townhomes have become more affordable, but sales are lagging behind. This may reflect buyer hesitation or more competitive options in other housing types.
The single-family market remains competitive with strong year-over-year price growth despite fewer sales.
Buyers seeking affordability may find more attractive options in the condo/townhome market due to the recent price drops.
Inventory remains lower across the board, keeping the market in a moderate seller’s favor — especially for well-priced homes.
As we move deeper into the spring market, we anticipate inventory to gradually pick up. For sellers, pricing competitively will be key in standing out. Buyers should stay alert for opportunities, particularly in the condo and townhome sector where price relief may continue.
Whether you’re planning to buy, sell, or simply keeping an eye on the market, staying informed is your best advantage. Be sure to check back for our April update!