What Buyers and Sellers Need to Know Right Now
The Pikes Peak housing market is showing signs of continued stability and growth, with some notable year-over-year shifts in pricing, sales activity, inventory, and days on market. Whether you’re buying, selling, or just keeping tabs on the Colorado Springs real estate market, here’s what you need to know about July 2025.
Monthly Snapshot: July 2025 vs. July 2024
🏠 Single Family / Patio Homes
- New Listings: 1,654 (↓1.2% from July 2024)
- Sales: 1,152 (↑2.2%)
- Average Sale Price: $574,276 (↑0.5%)
- Median Sale Price: $497,475 (↓0.5%)
- Total Active Inventory: 4,226 (↑44.1%)
- Months Supply: 3.7 months (↑0.8 months)
Key Takeaway:
Inventory has risen substantially year-over-year, giving buyers more options and creating a more balanced market. Prices are holding relatively steady, but sellers may need to be more competitive.
Average Days on Market (DOM)
- July 2025: 39 days
- July 2024: 34 days
While homes are still moving relatively quickly, the increase in DOM suggests buyers are taking more time, and homes need to be priced right and well-presented to sell efficiently.
Residential Home Sales Trends
Total Sales – Single Family & Condos:
- Single Family Sales: 1,152 (↑2.2% YoY)
- Condos/Townhomes Sales: 142 (↓2.1% YoY)
- Combined Total Sales: 1,294
July saw a slight uptick in single-family home sales, indicating strong buyer interest despite rising inventory. However, condos and townhomes saw a slight dip—possibly due to competition from similarly priced detached homes.
Homes for Sale: Surging Inventory
- Inventory in July 2025: 4,226
- Inventory in July 2024: 2,933
That’s a 44% increase in available homes compared to last year, giving buyers more negotiating power. Builders and sellers may need to offer more incentives to stay competitive in this expanded market.
Average & Median Sales Prices
- Average Price (July 2025): $574,276
- Median Price (July 2025): $497,475
- Compared to July 2024: Prices are mostly flat YoY
Despite the jump in inventory, home values are remaining stable, showing confidence in the market. It’s a sign that Colorado Springs continues to attract buyers and maintain strong demand.
Total Sales YTD (Year-to-Date)
- 2025 YTD Single-Family Sales: 7,105
- 2024 YTD Sales: 6,739
- YoY Increase: 5.4%
More homes have sold so far in 2025 than in 2024, pointing to a resilient and active real estate market, even with higher interest rates and rising inventory.
Under Contract Homes
- Homes Under Contract (July 2025): 1,595
- Compared to 2024: Slight uptick from 1,544
This increase in pending sales indicates that buyer activity is strong heading into late summer, which bodes well for August and September closings.
New Listings Comparison – July (Last 5 Years)
- 2021: 2,176
- 2022: 2,087
- 2023: 1,464
- 2024: 1,640
- 2025: 1,654
New listings are still down compared to pre-pandemic highs, but have rebounded well since 2023, giving buyers more variety and less urgency than in recent years.
🔍 What This Means for Buyers & Sellers
For Buyers:
- You have more choices than we’ve seen in years.
- You may be able to negotiate better deals or incentives, especially from builders and motivated sellers.
- Interest rates may be higher, but competition is lower, and prices are stable.
For Sellers:
- Homes are still selling, but presentation and pricing are crucial.
- Be prepared for slightly longer market times and more discerning buyers.
- Leverage professional staging, strong marketing, and smart pricing to stand out.
Thinking About Buying or Selling in Colorado Springs?
We help hundreds of families each year find their perfect home or sell with confidence in Colorado Springs, Monument, and the surrounding areas. Whether you’re relocating, upsizing, downsizing, or just exploring your options—we’re here to guide you every step of the way.
📞 Reach out today for a custom market analysis or home search consultation. 719 367-6880
