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If you’re following the Colorado Springs real estate market, May 2025 is showing clear signs of growth and seasonal activity. Whether you’re considering buying, selling, or moving to Colorado Springs, the latest data from the Pikes Peak Multiple Listing Service (PPMLS) helps us understand where the market stands—and where it might be heading.
Inventory is Rising, Bringing More Choices for Buyers
One of the most notable shifts this month is the jump in inventory. Homes for sale in Colorado Springs increased to 3,671 active listings in May 2025, up from 3,117 in April—a 17.8% increase month over month. This is also a substantial 38.8% increase from 2,645 homes in May 2024. Buyers now have more choices, which could lead to a more balanced market and slower price growth going forward.
Homes Are Selling Faster Than Earlier This Year
As more homes hit the market, buyers are also moving a bit quicker. The average days on market (DOM) fell from 49 in April to 41 in May 2025, indicating stronger buyer activity as we move into the summer season. While DOM is still higher than the record lows during pandemic years, this drop suggests sellers are pricing more competitively—or that demand is rising alongside inventory.
Sales Volume is Holding Steady
In terms of home sales, the market showed modest growth. May saw 1,166 single-family homes sold, up slightly from 1,106 in April and 1,142 in May 2024. Condos and townhomes also saw a small increase, rising to 166 sales from 153 the month prior.
Prices Remain Stable—For Now
Despite more listings on the market, home prices in Colorado Springs remain stable. The average sales price for single-family homes in May was $566,304, slightly down from $570,072 in April, but still up from $557,050 in May 2024. Median prices also held steady at $490,000—unchanged from the prior year, but down slightly from last month.
This subtle dip could reflect growing competition among sellers as inventory increases. However, the fact that prices aren’t dropping significantly signals that demand is still relatively strong.
Key Takeaways for Buyers and Sellers
For buyers: With inventory climbing and DOM dropping, now may be a great time to explore options before interest rates or demand pick back up further.
For sellers: Homes are still moving at a decent pace, but pricing competitively is key. The market is no longer as aggressive as it was in past years.
Year-to-date trends: From January through May 2025, total new listings are up 15.8% compared to the same period last year, and sales volume has risen nearly 10%, reflecting a healthier, more active market.
Final Thoughts
The Colorado Springs housing market is shifting into a more balanced rhythm as we head deeper into 2025. With inventory expanding and prices stabilizing, both buyers and sellers have strong opportunities—but success depends on timing and strategy.
If you’re thinking about relocating to Colorado Springs, investing in real estate, or selling your home this summer, now is the time to connect with a trusted local expert who understands the data and the trends.
Contact us today! We would love to help you navigate the Colorado Springs Real Estate Market! We do it daily! Check out our 5 Star Google Reviews Here!
