Colorado Springs Housing Market Today in April 2026

The Colorado Springs Real Estate Market Update
*Updated on April 6th, 2026

SUMMARY: The median home price reflects the middle sales price of homes sold in El Paso/Teller Counties based on the sales data from March 2026. The average sales price is calculated by summing the sale prices from all properties in El Paso/Teller Counties during the same timeframe and dividing by the number of properties sold, offering a broad overview of the market's pricing landscape. To understand the typical price range of homes in Colorado Springs, the median home price is often more indicative, as it avoids skewing by ignoring high-priced outliers.

In March 2026, the number of houses for sale in Colorado Springs increased significantly, reaching 3,057. That's +16% more homes to choose from than last year. This is great for people looking to buy a house, as they'll have more options and leverage to negotiate.

The MLS added 1,760 new listings last month, representing the same as last year. Additionally, 1,036 homes were sold last month, representing a -2% decrease from March 2025. We are adding listings at a significantly faster rate than we are selling homes.

The term 'days on the market' refers to how long a home has been listed before it goes under contract. For homes listed in March 2026, the average time to sell was 61 days. This represents a -2% decrease from last year, indicating that homes are taking longer to sell.

Home prices in Colorado Springs have been flat for 4 years.

Home prices have not risen over the past four years, despite steady inflation. In Colorado Springs, our current inventory is at 3.0 month supply. Typically, a six-month inventory indicates a balanced market. That said, our current market feels like a buyer's market. While we are seeing more homes available than in recent years, we would still need to see a significant increase in inventory for home prices to start declining.

More homes are coming on the market every month in Colorado Springs.

The chart shows that in March of this year, there were the most homes on the market in well over a decade. If we continue to see more homes for sale, prices will start to drop due to supply and demand. If there are many homes available, buyers may have a better chance of negotiating and securing lower prices in the future. Home prices are likely to start dropping soon.

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The Colorado Springs housing market is still slow.

Last March, we experienced another month of slow sales compared to previous years. As the gap between home prices and wages widens, sales will continue to stall. Home prices will likely decline if this trend continues through the Winter. There will be more homes for sale than buyers. This could be good news for buyers waiting for a more favorable time to purchase a house.

Sellers might have to wait longer to sell their homes and could need to lower their prices to attract buyers. This shift will help balance the housing market, allowing first-time buyers and those looking to move into a larger home to find something within their budget. Both buyers and sellers should monitor how conditions change over the summer, as they may affect their plans.

Is Colorado Springs in a buyer's or seller's market right now?

Last month, we saw sales of just 1,036 homes, up 5% from last year. At the same time, inventory rose by another 16%. There are currently twice as many homes on the market as before COVID. The time it takes to sell a home is rising. We've been in a soft buyer's market for months as the number of available homes for sale continues to increase.

For sellers, this means that more patience may be needed, and in some cases, pricing strategies may need to be adjusted to attract buyers. Many homeowners are currently hesitant to sell, mainly because interest rates are higher than the very favorable rates they may currently have.

Despite these changes, Colorado Springs remains a popular destination for many new residents. This ongoing influx is fueling commercial development and neighborhood growth, with new homes and apartment complexes continuing to rise. It's an exciting time for our community as we navigate these changes together, offering opportunities for both buyers and sellers in this dynamic market.

Is the Colorado Springs housing market forecast to crash soon?

Over the past year, we've seen an increase in available properties, yet the market remains vibrant and active, avoiding a downturn that could trigger a recession. The median price of homes listed for sale has remained stable, closely mirroring last year's figures. This stability is a positive sign, showing no immediate risk of a housing market crash in our area. Instead, we're witnessing a shift.

In 2026, home prices in the Pikes Peak region are expected to remain steady despite average interest rates. This balance is thanks to a gradually increasing supply meeting the demand for single-family homes in Colorado. As the inventory continues to align with buyer demand, we might anticipate a slight price adjustment throughout the year.

Additionally, there is a growing trend among homeowners to tap into their equity by borrowing against their homes. This movement indicates a change in the national housing market. However, it's still too early to predict how these dynamics will fully play out or when the inventory will increase, further stabilizing the market.

Predicting the future of the housing market is challenging in these changing times. Yet, these shifts offer opportunities and considerations for buyers, sellers, and investors alike. We'll closely monitor these trends and report back on what we are seeing in the local housing market in Colorado Springs.

Our real estate agents at Great Colorado Homes enjoy discussing the local market with anyone interested in learning about it. If you have any questions, feel free to contact us.

*Based on information from the Pikes Peak REALTOR® Services Corp. ("RSC"), for the period March 1, 2026, through March 31, 2026. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.