February 2026 Real Estate Market Update

Colorado Springs Real Estate Quick Facts

• 30-year mortgage rates dropped below 6%, which is a full point lower than a year ago
• 2224 listings are on the market-this is up 28% from the same month last year (SMLY)
• New listings for the month were 1,138 -which is up 23% from SMLY
• There were 656 sales for the month-which is up 6% from SMLY
• The list price/sales price ratio was 99.0%
• Average sales price for the month was $529,295—down 4.2% from SMLY
• Median sales price for the month was $465,000—down 2.9% from SMLY
• Median days on market for sold homes was 74-SMLY was 58
• Single family permits YTD are up to 515– compared to 391 units from last year

Market Summary

The February numbers show a market with more activity but also more competition, as both inventory and sales increased compared to last year.

• Active Listings: Up 28% year-over-year.
• New Listings: Up 23%, bringing more options to the market.
• Sales: Up 6% compared to February last year.
• Inventory: Increased to 3.4 months of supply, giving buyers more choices.
• Average Sales Price: Down 4% year-over-year.
• Median Sales Price: Down 3%.
• Mortgage Rates: Dipped below 6%, nearly a full point lower than last year.Housing starts increased from 391 last year to 515 so far this year. Homes under $500,000 remain very active, with strong buyer demand. Once prices reach $800,000 and above, the market becomes noticeably more challenging, with longer market times and more competition among sellers.

What This Means

Lower mortgage rates are helping bring buyers back into the market, and the increase in listings and new construction are giving buyers more choices. The result is a market that feels more balanced than we’ve seen in several years, especially in the mid- to upper-price ranges.

Read Complete Stats Pack