Blog

Market Update for January 2026
Sales down and prices mixed

There are currently 2843 active single-family listings on the market in the Pikes Peak region compared to 2514 last year at this time which is a 13.1% increase in active listings.
The average sales price was down by .9% to $543,847 compared to January 2025 and was up 2.3% compared to December 2025. Sales were down in January by 8.5% for a total of 637 homes that closed in the Pikes Peak region, compared to 696 last January.

There are 535 condo/townhomes on the market compared to 505 last year at this time, which is a 5.9% decrease. The average price for Condo/townhomes is down 10.1% and the median price is down 11.8%. The median condo/townhome price is now $300,000.
Condo/Townhome sales are down 20.7%. New listings on the market are on par compared to last year in January.

New listings on the market were up 4.2% compared to last January.

Conforming 30 year fixed mortgage rates are now in the low 6's and government loans in the high 5's.

The below chart shows the average price and median price trends:


The median single family sales price was down 2.6% compared to January 2025 (same number of homes sold above as below) and is now $469,950. There is a 4.5 month supply of homes on the market.

The below chart shows the number of sales YTD in comparison to the past 4 years:


This chart shows the average days on market trends:

The average days on market is currently 74 days.

The below chart shows the number of new listings on the market by month in comparison to the last 4 years:

The below chart shows number of homes under contract at the end of January each year which is an indicator of sales for next month:

The below chart shows listings on the market by month:

The below chart shows number of sales per month for the last 2 years: