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Welcome to Market Monday, a weekly snapshot of what’s really happening in the Colorado Springs housing market.
Every Monday morning, we take a look at fresh data on inventory, pricing, and days on market across the Pikes Peak region. My goal is simple: turn the numbers into clear, calm guidance you can actually use—whether you’re just watching the market or actively planning a move.
This week, here’s the current status….
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Inventory: There are currently 2816 single family homes on the market to start this first full week of the new year. Additionally, there 501 townhomes and condos are also available. (This is El Paso County)
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Days on Market: Average days on market for single family homes over the past 12 months is approximately 75 days, and for townhome or condo sales approximately 93 days.
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Negotiation Power: Overall, the percentage of sales price to list price is between 96-99% for single family, townhomes and condos. At this point in the new year there may be more room for negotiation on price given the time on market.
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The “mood”: It seems to be we are in a “more balanced,” market with some price ranges still competing depending on price range. Buyers do seem to have a bit more leverage on price in the current market, it will be interesting to see if home builders continue to offer the end of the year incentives to move the “ready now” inventory.
