July 2025 Real Estate Market Update

Colorado Springs Real Estate Quick Facts

• 30-year mortgage rates remain relatively flat at about 6.7%
• 3,059 listings are on the market-this is up 35% from the same month last year (SMLY)
• New listings for the month were 1304 -which is up just 4.5% from SMLY
• There were 901 sales for the month-which is down 1% from SMLY
• The list price/sales price ratio was 99.1% 
• Average sales price for the month was flat $580,074—up .4% from SMLY
• Median sales price for the month was also flat at $500,000—which is the same from SMLY
• Median days on market for sold homes was 40 compared to 34 for the SMLY
• Single family permits YTD are at 1,814 which is down from the 1,909 units from the SMLY

Market Summary

The July numbers are in, and they continue to reflect a market that’s shifting toward balance—at least on paper.

• Active listings hit 3,509, up 35% from last year and the highest we’ve seen since September 2011.
• New listings came in relatively flat compared to July 2024.
• Sales volume held steady at 901 units, matching last year, while year-to-date sales are up 5%.
• Sales prices remain flat, and the overall inventory level has climbed to 3.4 months—a 36% increase.

But the story varies by price range:

• Homes priced under $500,000 are still moving, with less than 3 months of inventory.
• The $500,000–$900,000 range is starting to stack up, with over 4 months of inventory.
• Surprisingly, the $900,000–$1 million segment showed solid activity, with only 3.8 months of in-ventory.
• And if you’re trying to sell a home above $2 million? Buckle up—that segment is very slow-moving right now.

In short, while sales and pricing are steady, the growing inventory means buyers have more options, and sellers need to stay sharp on pricing and presentation—especially in the mid-to-upper price points.

Read Complete July Stats