November 2025 Real Estate Market Update
Colorado Springs Real Estate Quick Facts
- 30-year mortgage rates were stable for November, in the 6.2% range
- 2569 listings are on the market-this is up 20% from the same month last year (SMLY)
- New listings for the month were 705—which is up 3% when compared to the SMLY
- There were 617 sales for the month-which is down 10% from SMLY
- The list price/sales price ratio was 98.5%
- Average sales price for the month was $559,481—down 2% from SMLY
- Median sales price for the month was $495,000—which is up 1% from the SMLY
- Median days on market for sold homes was 63 compared to 56 for the SMLY
- Single family permits YTD are at 2,599 which is down from the 2,670 units from the SMLY
Market Summary
November continued the cooling trend we’ve been seeing in the Colorado Springs housing market, with slower sales and growing inventory setting the tone.
- Active Listings: Up 20% year-over-year, keeping buyer options plentiful.
- Sales: Just 617 homes sold compared to 692 last November, reflecting a clear slowdown.
- Inventory: Up a significant 34%, now sitting at over 4 months of supply.
- Average Sales Price: Down 2% to $559,000.
Mortgage Rates
Down about ½ point compared to last November, offering some payment relief for buyers. Even with lower mortgage rates, economic uncertainty and the government shutdown weighed heavily on the mar-ket in November, slowing buyer confidence and overall activity.
For Buyers: This is arguably the best buying window we’ve seen in the past year — lower rates, softer prices, and plenty of inven-tory to choose from.
For Sellers: The bar is higher. If you want a real shot at getting under contract within 30 days, your home must be priced right and in excellent condition. Overpricing right now is a fast track to sitting on the market.