Homes in Downtown Colorado Springs are taking considerably longer to sell in the latest rolling three‑month period, with the median days on market up to 102 days, only a modest increase from a year ago but more than double from early summer. This slower pace contrasts with the broader Colorado Springs market, where supply sits at 4.6 months compared with a much higher 10.7 months in Downtown, signaling buyers here have more time and choice.
Home values have still been climbing despite the extended timelines. The typical home value over the past three months reached about $507,000, rising more than 11 percent year over year, while the median list price jumped nearly 39 percent over the same period. At the same time, the share of homes selling above list has fallen to zero, and the average sale-to-list price ratio sits around 96 percent, suggesting buyers often have room to negotiate.
Inventory and activity levels highlight a cooling but still seller-leaning environment. Active listings are down more than 22 percent compared with a year ago, and new listings have been cut by over half, even as months of supply has climbed by about 18 percent year over year. Fewer homes are changing hands, with sales and pending contracts both declining from last year, yet the area still scores as a seller’s market on the local gauge. In this nuanced setting, both buyers and sellers can benefit from Agent Pronto’s help in finding a local real estate agent who understands these shifting dynamics.
