August 2025 Real Estate Market Update

Colorado Springs Real Estate Quick Facts

• 30-year mortgage rates continue a very slow reduction from 6.72 to 6.56%
• 2,979 listings are on the market-this is up 26% from the same month last year (SMLY)
• New listings for the month were 1,151 -which is down 7.1% from SMLY
• There were 824 sales for the month-which is down 2.1% from SMLY
• The list price/sales price ratio was 98.7%
• Average sales price for the month was $567,684—down 1.1% from SMLY
• Median sales price for the month was $483,050—which is down 3.2% the same from SMLY
• Median days on market for sold homes was 46 compared to 39 for the SMLY
• Single family permits YTD are at 1,989 which is down from the 2,116 units from the SMLY

Market Summary

August brought a few shifts in the Colorado Springs housing market as inventory and pricing continued to adjust.

• Active Listings: Just under 3,000 units—down from July but still 26% higher than last year.
• New Listings: 1,151, a 7% decline year-over-year, though year-to-date new listings remain up 10%.
• Inventory: 3.6 months of supply, a 30% jump from last year, giving buyers more options.

Prices: The average sales price slipped 1.1% to $567,684, while the median dropped 3.2% to $483,050.

Market by Price Range: The most active price ranges continue to be $300,000–$700,000.

Lowest inventory was seen under $500,000 and in the $1M–$1.25M range, where demand remains strong.

Mortgage Rates: The steady downward trend in rates continues, now nearing 6.5%, which may provide some relief to buyers heading into fall.

The big picture? Inventory is higher, prices are softening slightly, and buyers have more leverage than they’ve had in years—especially in the mid- to upper-price ranges.

Read Complete August Stats