October 2025 Real Estate Market Update

Colorado Springs Real Estate Quick Facts

• 30-year mortgage rates dropped to 6.17%, which is a great improvement from 6.72%
• 2,832 listings are on the market-this is up 19% from the same month last year (SMLY)
• New listings for the month were 1,087 -which is flat when compared to the SMLY
• There were 689 sales for the month-which is down 10% from SMLY
• The list price/sales price ratio was 98.9%
• Average sales price for the month was $530,158—down 6.4% from SMLY
• Median sales price for the month was $475,000—which is flat from the SMLY
• Median days on market for sold homes was 58 compared to 49 for the SMLY
• Single family permits YTD are at 2,414 which is down from the 2,507 units from the SMLY

Market Summary

October brought a noticeable shift in the Colorado Springs housing market, with several indicators showing signs of cooling.

• Active Listings: Up 20% year-over-year, continuing to build on the higher inventory trend.
• New Listings: Flat compared to last October, suggesting that the growth in available homes is more about slower sales than new supply.
• Sales: Down 10% to 689 units, marking one of the slower Octobers we’ve seen in recent years.
• Inventory: Now over 4 months of supply — the first time we’ve crossed that threshold since 2014.
• Average Sales Price: Down 6.46% from last year, a clear sign that buyers are gaining leverage.

The cracks we started to see last month appear to have widened, with both sales activity and pricing softening across much of the market. The ongoing government shutdown is also playing a role, creating uncertainty for many buyers and delaying transactions tied to government-backed loans and employment.

Inventory levels make it clear the momentum has shifted. Sellers are having to adjust expectations, and buyers are finding more opportunity — especially if mortgage rates continue their recent downward trend.

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