Colorado Springs Market Information
December 2025 – Pikes Peak Region
AVERAGE SALE PRICE
$531,469
▼ 2.7% YoY
MEDIAN SALE PRICE
$460,000
▼ 5.2% YoY
CLOSED SALES
909
▲ 3.6% YoY
DAYS ON MARKET
65
Avg Days
MONTHS SUPPLY
3.1
Balanced Market
Single Family & Patio Homes Market Analysis
Current Market Conditions: December 2025 reflects a balanced to cooling market despite the 3.1 months of inventory supply. While inventory appears tight at 2,837 homes (down from November’s 3,555), this is largely due to seasonal factors rather than increased buyer demand. Significantly, the median sale price of $460,000 represents the lowest price point of the entire year – down from summer peaks of $497K. This price softening, combined with 75% of homes selling below asking price, indicates buyers maintain strong negotiating power heading into 2026.
Year-Over-Year Market Changes
Price Trend Analysis
Homes For Sale – Inventory Trend
Inventory Insight: Active inventory dropped in December to 2,837 homes – down 32% from the summer peak of 4,227 homes. However, this decline is primarily seasonal, reflecting the typical holiday slowdown when fewer sellers list homes. Importantly, prices have fallen throughout this period, with December showing the lowest median price of 2025 at $460,000 (down from July’s peak of $497K). This price softening indicates the market is cooling, not heating up, despite lower inventory numbers.
Absorption Rate by Price Range
The absorption rate measures how quickly homes are selling. Rates above 20% indicate a seller’s market, while rates below 15% suggest a buyer’s market.
Price Range Analysis: Entry-level homes under $300K remain in a strong seller’s market with 51% absorption rate. The $300-400K range shows balanced to slightly warm conditions (37-43% absorption). Mid-range homes $400-600K vary significantly, with the $450-500K range showing only 23% absorption (balanced market). Luxury properties above $1M continue to favor buyers with single-digit absorption rates, creating excellent negotiation opportunities.
Days Supply by Price Range – Single Family Homes
Days supply indicates how long it would take to sell all current inventory at the current sales pace. Lower numbers indicate faster-moving markets.
Inventory Analysis: Lower-priced properties ($250-500K) show the fastest turnover with 70-98 days of supply. Mid-range homes ($500-900K) have moderate inventory levels (108-138 days). The luxury market shows significantly higher inventory, with homes over $2.5M having 705 days of supply – creating exceptional opportunities for buyers seeking high-end properties with strong negotiating leverage.
Price Negotiations – December 2025
In December 2025, approximately 75% of homes sold below asking price, while 13% sold above asking, and 12% sold at list price. Overall, the average home sold at 98.3% of asking price.
Homes Sold Below Asking Price by Price Range
| Price Range |
Total Sold |
Sold Below Asking |
% Below Asking |
| $0 – $200K |
7 |
6 |
86% |
| $200K – $300K |
43 |
33 |
77% |
| $300K – $400K |
180 |
138 |
77% |
| $400K – $500K |
229 |
166 |
72% |
| $500K – $600K |
152 |
113 |
74% |
| $1M and Up |
38 |
31 |
82% |
Negotiation Tip: With 75% of homes selling below asking price and an average sale-to-list ratio of 98.3%, buyers have strong negotiating power across all price ranges. Sellers should price competitively from the start to attract serious buyers in this market.
Condos & Townhomes Market
MEDIAN PRICE
$330,000
▼ 2.9% YoY
AVERAGE PRICE
$366,835
▲ 4.4% YoY
CLOSED SALES
107
▼ 3.6% YoY
MONTHS SUPPLY
4.7
Balanced Market
Condo Market Highlights: The condo and townhome market shows 4.7 months of supply, indicating a balanced market with slight favor to buyers. Closed sales increased 12.6% from November to 107 units. The average sale price of $366,835 is up 4.4% year-over-year, while median prices remain stable. This segment offers good opportunities for first-time buyers and investors seeking more affordable entry points.
2025 Year-End Summary
Total Year Sales: 11,788 single-family homes sold in 2025 (up 2.5% from 2024)
Average Sale Price: $559,340 for the year (up 1.8% from 2024)
Price Trend: Prices peaked mid-year (July: $574K average, $497K median) and declined through year-end (December: $531K average, $460K median) – a 7.5% decline from peak
Market Evolution: The market shifted from a hot seller’s market in spring/summer to a more balanced, buyer-friendly market by year-end. December’s combination of lower prices, high negotiation rates (75% below asking), and seasonal inventory decline suggests opportunities for well-positioned buyers in early 2026.
Data Source: Pikes Peak REALTOR Services Corp. (RSC) | December 2025
Market data for residential properties in El Paso County and Teller County, Colorado.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
