Colorado Springs Market Information

Current Market Conditions: April 2026 delivered a strong continuation of the spring market across the Pikes Peak region. Closed sales reached 1,124 units, up 1.6% from April 2025 and continuing the climb from January’s low of 637. The average sale price recovered to $558,220, jumping $18,500 from March though still 2.1% below April 2025’s $570,072. Median prices ticked up to $480,000 (down 2.0% year-over-year). Active inventory grew to 3,422 homes (up 9.8% YoY), giving buyers more selection while months supply stayed near 3.0. New listings were nearly flat at 1,941 (up 0.9% YoY), while days on market stretched to 54 days, up from 49 last April. The market is balanced and healthy with prices firming, sales pace strong, and inventory building ahead of the summer peak.

Price Trend Analysis: Average prices climbed from a February low of $524,494 to $558,220 in April – a 6.4% rebound in just two months as the spring selling season took hold. The 13-month picture shows that average prices peaked at $574,276 in July 2025 and bottomed in February 2026, with April now representing the strongest reading since November. Median prices have been more stable, fluctuating between $460,000 and $500,000 over the past year and landing at $480,000 in April – just $10,000 below April 2025’s median. The takeaway: pricing is firming, not falling.

Inventory Analysis: Active inventory continued its spring build-up, reaching 3,422 homes in April from 3,051 in March – a 12% month-over-month gain. Closed sales held strong at 1,124, up 8.5% from March and 1.6% above April 2025. Inventory is 9.8% higher than April 2025, giving buyers measurably more options than a year ago. The seasonal pattern is clear – inventory typically peaks in July, so sellers can expect additional competition through the early summer. Despite the inventory build, months supply remains right at 3.0, keeping the overall market in balanced-to-mild seller’s territory.

Price Range Analysis: April’s hottest segments are $300K-$500K, where absorption rates of 42-45% indicate strong seller’s market conditions. The $500K-$600K range remains healthy at 34%, and even $600K-$800K is holding above the 20% seller’s market threshold at 28%. Above $800K, the market shifts firmly toward buyers – $800K-$1M and $1M-$2M both sit around 19%, while the $2M+ segment is at just 12%. The $200K-$300K range runs at 31% with limited inventory, and below $200K absorption is mid-range at 28% on very thin supply.

Inventory Analysis: The $300K-$400K range moves fastest at just 67 days of supply – the heart of the market where the most buyer demand concentrates. The $400K-$500K segment runs 71 days, and $500K-$600K at 88 days. Mid-range $600K-$800K sits at 107 days. Above $800K, supply grows materially: $800K-$1M is 157 days, $1M-$2M is 155 days, and the $2M+ market has 257 days of supply, giving high-end buyers significant negotiating room.

On the Ground: April delivered a textbook spring market: prices firming, sales pace strong, inventory building. Buyers have meaningfully more selection than last spring (+9.8% YoY) and slightly better pricing leverage (-2.1% YoY on average price). Well-priced homes in the $300K-$600K range continue to draw multiple offers and move in under 75 days of supply. Above $800K, marketing windows are longer and concessions are common. May and June typically deliver the year’s strongest sales pace, so sellers preparing now will be positioned best.

Condo Market Highlights: The condo and townhome market in April 2026 saw 151 closed sales, down 1.3% from April 2025. The average sale price came in at $351,490 with a median of $335,000, and homes averaged 53 days on market. Active condo inventory reached 704 units across all reporting counties, putting months supply at approximately 4.7 – meaningfully above the single-family figure and keeping the condo segment more buyer-friendly. Sellers in condos and townhomes should price competitively and expect longer marketing windows than equivalent single-family homes. Buyers in this segment have measurably more leverage and inventory choice.