The Colorado Springs, CO housing market has slowed down significantly since the height of the pandemic in 2022. During that time, homes were selling in under a month, creating the fastest housing market in history. However, with home prices and mortgage rates increasing substantially, the market has slowed down, pricing out many potential buyers and sellers.
Current Market Trends
Despite the slowdown, some consumers are starting to test the waters, taking advantage of the slower and more favorable landscape. Buyers are facing less competition, giving them more room to negotiate. According to Redfin Real Estate, the city’s market speed has been analyzed using metrics such as median days on market, share of homes that sell within one week, and the sale-to-list ratio.
The data, which represents the monthly median for May 2026, provides insight into the current state of the Colorado Springs home market. While the market is slower than it was during the pandemic, there are still opportunities for buyers and sellers to take advantage of the current landscape.
Original reporting: KRDO (Colorado Springs metro) — read the source article.
