Q2 2026 Real Estate Market Update
Colorado Springs Real Estate Quick Facts
- Mortgage rates were relatively flat for the Quarter just under 6.5%
- Average active listings for the quarter were 2,853, compared to 2,654 from the SQLY (up 7%)
- Total new listings for the quarter were 4,507, compared to 4,608 from the SQLY (down 2%)
- Sales for the quarter were 3,013 units, compared to 2,840 from the SQLY (up 6%)
- Average sales price for the Quarter was $577,230 down from $582,756 during the SQLY (down 1%)
- Average median sales price for the Quarter was $495,000 down from $505,000 (down 2%)
- Average days on market for sold homes was 52 for the quarter, up from 44 days from the SQLY
- Single family permits YTD were 1,804 compared to 1,544 from the SQLY (up 17%)
Market Summary
The Colorado Springs housing market remained remarkably resilient through the second quarter of 2026, even with mortgage rates holding steady just under 6.5%. Buyer activity continued to exceed expectations, particularly in the under $500,000 price range, with the strongest growth occurring between $300,000 and $400,000.
Active listings increased to an average of 2,853 homes, up from 2,654 a year ago, while new listings dipped slightly. Despite more inventory, closed sales climbed more than 6%, increasing from 2,840 to 3,013 homes. Inventory also remains below four months for every price range under $1 million, keeping the market favorable for sellers while giving buyers more options.
Home prices softened modestly, with the average sales price slipping from $582,756 to $577,230 and the median price declining from $505,000 to $495,000. Homes are taking a little longer to sell—52 days on average compared to 44 last year—but well-priced properties continue to attract strong interest. Meanwhile, new housing starts jumped 17%, a positive sign for meeting future demand.
Overall, the market continues to be balanced, offering buyers greater selection without sacrificing strong demand.