Q1 2026 Real Estate Market Update
Colorado Springs Real Estate Quick Facts
- Mortgage rates were volatile-from a low below 6% and ending the Quarter at nearly 6.5%
- Average active listings for the quarter were 2,208, compared to 1,818 from the SQLY (up 17%)
- Total new listings for the quarter were 3,540, compared to 3,206 from the SQLY (up 10%)
- Sales for the quarter were 1,994 units, compared to 1,977 from the SQLY (flat)
- Average sales price for the Quarter was $538,133 down from $552,813 during the SQLY (down 2%)
- Average median sales price for the Quarter was $471,000 down from $484,000 (down 2%)
- Average days on market for sold homes was 74 for the quarter, up from 65 days from the SQLY
- Single family permits YTD were 851 compared to 655 from the SQLY (up 29%)
Market Summary
The first quarter of 2026 delivered a mix of stability and volatility for the Colorado Springs housing market. Mortgage rates were especially turbulent due to the ongoing conflict in Iran, with rate spikes creating moments of hesitation among buyers. Even so, the supply side continued to loosen. The average number of active listings rose to 2,208, up 7%, while the number of new listings —despite hold-ing historically low mortgage rates—climbed 10% as the market slowly normalizes.
Buyer activity held steady. Sales were essentially flat, coming in just under 2,000 units for the quarter. Home prices edged down about 2%, reflecting modest but continued value growth for buyers. Inventory is now approaching 3.5 months, offering buyers more choice than they’ve had in several years.
Market strength remains concentrated up to the $800,000 range, where demand and showing activity are still solid. Above that threshold, conditions soften and buyers enjoy more negotiating leverage. The odds of going under contract within 30 days has settled below 25%, a clear sign that the market has eased from the frenzy of recent years. Overall, Q1 reflects a market finding its balance—still healthy, but no longer moving at a breakneck pace.