Real Estate Statistics & Market Trends
Understanding local market data is key to making smart real estate decisions. This page provides up-to-date statistics on home prices, inventory, days on market, and neighborhood trends across the Pikes Peak region, including Colorado Springs and surrounding communities. Whether you’re buying, selling, or simply staying informed, these insights will help you see where the market stands and where it may be headed.
The Pikes Peak Region closed 837 single-family and patio home sales in November 2025, a slight decrease of 6.4% year over year, signaling a more cautious pace compared to last year. While overall sales volume softened, prices remained surprisingly resilient — with the average sale price holding at $551,605 and the median increasing to $491,990. Inventory continues to build, with active listings up 15% from 2024 and months of supply rising to 4.2, indicating a shift toward a more balanced market. Homes are also spending slightly more time on market, now averaging 57 days.
In November 2025, single-family and patio homes in El Paso and Teller Counties showed a buyer’s market trend, with 73% of all sales (488 out of 673 homes) closing below the asking price. The highest discounts occurred in the $600K–$700K and $900K–$1M ranges at 83%, while the $400K–$500K bracket saw the lowest rate at 65%. Lower-priced homes under $400K averaged around 70–78% below asking, and luxury properties over $1M were at 76%. Refer to the graphic above to see how this trend breaks down by price point and how it may impact your specific buying or selling strategy.
Analogy: Think of the Colorado Springs market like a car on a highway. For years, it was speeding at 100 mph (the 17.9% growth in 2021). Currently, the driver hasn’t just taken their foot off the gas; they are tapping the brakes, bringing the speed down to a slight reverse (the -0.8% in 2025). However, looking at the map (the 1992-2025 history), the car is still miles ahead of where it started, and the “average speed” of the journey remains a healthy 55 mph.
For Sellers: Price Strategically and Adjust Expectations
The days of double-digit annual gains (like the 13.1% in 2020 or 17.9% in 2021) are over for now.
Price Ahead of the Market: With 2025 currently trending at -0.8% appreciation and recent quarters showing losses (e.g., -1.24% in 4Q ’24), values are slightly contracting. Overpricing in a declining market means you may have to chase the market down with price cuts later.
Focus on the Long Game: If you bought your home prior to 2020, you likely still possess significant equity, given the 141.5% total increase since 2005. Focus on your total return on investment rather than the missed peak of 2021/2022.
For Buyers: Leverage the “Choppy” Market
The current instability offers an opportunity to negotiate that didn’t exist two years ago.
Be Aggressive on Price: The data shows consistent quarterly dips recently (-1.94% in 2Q ’25 and -0.63% in 3Q ’25). Sellers can no longer count on rapid appreciation to bail them out, giving you leverage to negotiate lower prices or concessions.
Trust the Historical Average: While buying during a dip (current -0.8% trend) can feel scary, the 5.6% average annual appreciation suggests that holding the property long-term is historically a safe bet. You are buying into a market that is stabilizing, not crashing like it did in 2008 (where it dropped -7.8%).
Want These Numbers Applied to Your Home Search or Sale?
Statistics tell the story of the market — but real results come from knowing how that data impacts your specific situation. If you have questions about your home’s value, the timing of a sale, or what these trends mean for your buying power, reach out below. We’ll break it down for you and turn the data into a clear game plan.
Phone
Todd & Lisa: 719-290-6734
Address
1915 Democracy Point
Colorado Springs, CO 80908