Q2 2025 Real Estate Market Update
Colorado Springs Real Estate Quick Facts
- Mortgage rates were relatively flat for the Quarter remaining in the 6.6% range
- Average active listings for the quarter were 2,654, compared to 1,820 from the SQLY (up 45%)
- Total new listings for the quarter were 4,608, compared to 4,036 from the SQLY (up 14%)
- Sales for the quarter were 2,840 units, compared to 2,629 from the SQLY (up 8%)
- Average sales price for the Quarter was $585,756 up from $572,789 during the SQLY (up 2.2%)
- Average median sales price for the Quarter was $505,000 up from $503,300 (flat)
- Average days on market for sold homes was 44 for the quarter, up from 36 days from the SQLY
- Single family permits YTD were 1,544 compared to 1,701 from the SQLY (down 9%)
Market Summary
The second quarter of 2025 brought some interesting shifts in the Colorado Springs real estate market. While mortgage rates held mostly steady, the big story was inventory.
• The number of homes on the market jumped 45%, and for the first time since September 2014, El Paso County saw over 3,000 active listings.
• New listings were up 14%, and sales hit 2,840 units, marking an 8% increase over Q2 of 2024.
• The average sales price nudged up 2.2% to $585,756, while the median stayed flat, showing contin-ued price stability overall.
Interestingly, new home permits declined, dropping from 1,701 to 1,544—suggesting a potential slow-down in new construction. The market is most active below $600,000, where we’re still seeing solid movement. Above that threshold, the market is more balanced, with buyers and sellers on relatively equal footing. That said, after the frenzied pace of 2021 and 2022, today’s “balanced market” can feel deceptively slow. With inventory levels now over 3 months (a 35% increase), buyers have more choic-es—and that changes the dynamic. So while we’re not in a buyer’s market yet, the days of bidding wars on every listing are clearly behind us. Sellers need to be strategic, and buyers have more breathing room—especially in those higher price ranges.
