Quick Stats (Based on September Sales)
- Average Sales Price: $567,772 (up from $541,690 last year)
- Average Days on Market: 50 (vs 40 last year)
- Months of Inventory: 3.9 (vs 3.4 last year)
- New Listings: 1,186 (vs 1,213 last year)
- Pending Sales: 550 (vs 555 last year)
- Homes Sold: 894 (vs. 832 last year)
Market Mood This Month
The October Colorado Springs real estate market update shows a steady, balanced selling season with opportunities for both Buyers and Sellers.
The average sales price in September rose to $567,772, up from $541,690 last year. But homes are taking longer to sell, now averaging 50 days on market, pushing the two month listing period before an offer is received..
Sellers are listing optimistically: the average price of new listings in September in Colorado Springs was $602,187, only slightly above last year’s $593,444. But reality is catching up – 41% of mid-range homes lowered their prices, with an average cut of about $12,500 (2.5%) on a $500,000 home.
Inventory is strong: 3,511 active listings, nearly 24% more than last year. That means there are plenty of Colorado Springs homes for sale. Still, only about 26% of listings sold last month, showing us that Sellers are facing more and more competition. Expired (145) and withdrawn (52) listings highlight how important pricing strategy has become.
Mortgage rates settled back in the 6.3% to 6.6% range after a brief dip. Even at this level, Buyers remain engaged, reflected in 550 pending sales pointing toward steady activity through fall.
Quick Advice for Buyers
If you’re asking when’s the best time to buy a home in Colorado Springs, this fall market is giving Buyers breathing room. Historically in Colorado Springs, October 12 – 18 is the best time of year to buy. With nearly four months of inventory and many Sellers willing to negotiate, you have leverage. A seasoned Colorado Springs Realtor can help you spot the best opportunities. And don’t even think of looking at homes without getting a pre-approval letter from a trusted Colorado Springs mortgage lender.
Quick Advice for Sellers
Wondering how to sell your home fast in Colorado Springs? Price it right from the start. Never in my decades of being a real estate professional has this been more important. Homes aligned with recent comparable sales are moving, while overpriced homes are sitting and eventually reducing. Partnering with a trusted Colorado Springs Realtor ensures your home is positioned to sell quickly and confidently.
Watchlist – What’s Coming
- Seasonal Slowdown: Expect fewer new listings as holidays approach
- Seller Motivation: Expired and withdrawn homes may re-enter the market at more realistic prices
- Rates in Focus: Any mortgage rate shift will directly affect Buyer urgency into 2026
Ready to Make Your Move?
With three decades of proven experience as a trusted Colorado Springs Realtor, I’m here to guide you through the Colorado Springs housing market with confidence. Call, text, or email Mimi Foster anytime. No pressure, no obligation – just the knowledge you need to make the right move.
