Know the market
Reading the Colorado Springs market, honestly
A market report is a snapshot of how the local market is behaving: how many homes sold, at what price, and in how many days. The numbers that matter for your decision are local, so this page points to the trusted sources, explains what each number means, and notes how Juanita applies them to a real sale in the Springs.
Trusted places to read the numbers
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Pikes Peak REALTOR Association (PPAR)
The official local source. The association publishes monthly market snapshots for the Pikes Peak region, including closed sales, median price, and days on market.
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Colorado Association of REALTORS
The statewide association publishes a monthly Colorado housing snapshot with a dedicated Colorado Springs section and commentary.
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FRED at the St. Louis Fed
Free raw data series for the Colorado Springs area, including the house price index and median days on market.
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HUD PD&R Community Housing Market Analysis
A thorough federal analysis of the Colorado Springs housing market and forecast, updated periodically.
These are independent sources. Figures change month to month, so always check the latest publication date before quoting a number.
What the numbers mean
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Median sales price
The middle of all sales in the period, not an average. Useful as a broad gauge, never a promise for one house.
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Days on market
How long typical homes take to sell. A fast number means buyers act quickly; a slower one means pricing discipline matters more.
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Closed sales
How many homes actually changed hands. Tells you the activity level behind the headlines.
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Inventory and months supply
How much is for sale versus how fast homes sell. Fewer months supply usually means a tighter market for buyers.
Make it personal
A market report tells you about the whole region. Your home is one house on one street. A current valuation from a local professional applies the report to your exact property, condition, and calendar.
Get a home value read