COLORADO SPRINGS“The statistics do not tell the entire story. We may show only a 1.1% drop in the median sales price for all properties, and a slight uptick in active properties, but the real
Sluggish Start to 2026
Dated: February 23 2026
Views: 244
“The real estate market began 2026 sluggish and firmly in the red. Despite what would normally be considered excellent January weather, the market remained in a deep freeze with no real signs of an early spring thaw. Overall sales declined 10.8% year over year, while the median price slipped 1.9%. At the same time, listings increased 4.9% across all property types. When we narrow the focus to single-family homes, sales were down 3.1% year over year. The Pikes Peak Region also saw an increase in days on market across all properties, reinforcing the ongoing softening trend that carried over from 2025 into 2026.
“According to ATTOM Data, Colorado now ranks among the top 15 states for foreclosure starts, with Pueblo County, south of Colorado Springs, ranking in the top three counties nationwide. This marks a notable shift after many years of virtually no short sales or foreclosures. As we’ve expanded our local searches, both are now appearing more frequently. Locally, we’re also seeing hedge funds bring former rental properties to market. Inventory that would have been desperately needed just three years ago is now sitting, as buyer demand remains subdued.
“On the national level, interest rates have stabilized but remain higher than what many buyers need to comfortably reenter the market. There was some encouraging news in the third quarter of 2025, when U.S. labor productivity surged 4.9%, the fastest pace in two years, and a positive signal for the broader economy. However, that optimism has been tempered by rising layoffs, including 16,000 job cuts at Amazon tied to AI-driven restructuring. Student loan delinquencies are also climbing to levels not seen since the Great Recession. In January alone, U.S. employers announced 108,435 layoffs, up 205% from December and the highest January total since 2009.
“Housing will likely remain uncertain until the broader economy finds more stable footing. Until then, the trajectory for 2026 points toward softer prices and continued low demand. I expect spring to bring a sizable increase in inventory, but buyers are likely to remain on the sidelines. If these trends persist, days on market will continue to rise, and further price pullbacks are likely as sellers become more motivated to close deals,” said Colorado Springs-area REALTOR® Patrick Muldoon.
Patrick Muldoon
I have many interests and hobbies to supplement my busy career in real estate. Although I enjoy my work I also enjoy finding free time to enjoy the most important things in life. This includes being w....
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