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Downtown Colorado Springs

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April Pikes Peak Region Home Sales Up 8.5%

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The spring market is delivering clear shifts we’ve been watching for months.

After a slow start with rising inventory and hesitant buyers, momentum returned in April. Single-family home sales jumped 8.5% from March, days on market shortened, and the median sales price reached $480,000 — up 1.1% from the previous month but still down 2% from April 2025.

This tells a bigger story: prices are stabilizing after the sharp gains of 2020–2022, while inventory continues to build. With 3,422 active listings (up nearly 12% from March), buyers finally have more choices and negotiating power.

Buyer-Friendly Edge Compared to Denver, Boulder, and Fort Collins, Colorado Springs stands out as one of the more balanced and accessible markets in the state right now. However, affordability remains a challenge — many households still need $105K–$110K+ annual income to comfortably afford a typical home.

Bottom Line The Pikes Peak market in April 2026 is the most buyer-leaning it’s been in years. Serious buyers have real opportunities, while sellers must price realistically and present their homes exceptionally well to stand out.

Credit Score Change Could Boost Homeownership for Over 7 Million

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Prospective home buyers are expected to get a big leg up from now on when it comes getting a home mortgage. The change is so huge it could help 7.7 million Americans quality for financing, as rent and utility payments will now be included. https://www.realtor.com/news/trends/credit-scores-rent-history-vantagescore-fannie-freddie/

Finding the right lender, who is able to take advantage of the new rules and offer the best mortgage rates can be a challenge. Fortunately, home financing options are always part of the service an experienced real estate agent provides. We team up with a variety of lenders to assist our clients, and also offer tools to help prospective home buyers make sure they are getting the best deal.

If you’re tired of renting, and ready to start the journey, let us know and we will provide you with step by step guidance toward having a new home.

4 Market Trends We’re Watching This Spring

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This spring we can report good news for both home buyers and sellers in the Colorado Springs area, with four trends emerging. Inventory is growing meaningfully while sales volume and prices are declining modestly. This combination typically benefits buyers with more options and somewhat softer pricing. Buyers are seeing a variety of well-priced homes while they are taking advantage of the lowest interest rates in 4 years, currently hovering around 6%, the lowest rates since 2022. The good news for sellers is that the market is active. We saw a robust 34% increase in sales in March, but a small decline compared to the same month last year. Since inventory is rising, sellers will have to price their homes more competitively to attract offers.

The 4 Key Trends To Watch:

1. Rising Inventory is the most significant trend. While the number of active listings increases every spring, the March active listing inventory of 3,057 is up 16.3% compared to March 2025. More inventory typically gives buyers more choices and can ease upward pressure on prices.

2. Sales Volume is slightly softening. There were 1,036 closed sales in March, a big increase from February but down 2.2% from March 2026. Year-to-Date sales total 2,446 which is a slight 1.6% decrease from last year. Sales remain stable but show a mild decline, suggesting demand is not keeping pace with the increased supply.

3. The Median Sale Price is declining. The median or midpoint sale price in March was $495,000, down 4% from March 2025. This is a meaningful drop. Combined with rising inventory, it indicates that sellers are facing more competition, which is starting to moderate price growth (or even reduce prices in some segments).

4. Market Balance is shifting toward buyers. The Months Supply of Inventory increased to 3 months (from 2.5 months in March 2025). While still considered a seller’s market (under 4–6 months is generally balanced to seller-favorable), the move from 2.5 to 3 months shows the market is cooling slightly and becoming more balanced.

Moving into the summer months we can anticipate an increase in Days on Market if current trends continue. Then again, a meaningful drop in interest rates could fuel higher demand and change market dynamics quickly. Buyers may benefit by taking advantage of current market conditions, with an increasing selection of attractively priced homes paired with motivated sellers prepared to make concessions- such as helping with loan expenses or rate buydowns.

Discover Your Dream Home: Newest Real Estate Listings in Colorado Springs and Florence

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Are you on the hunt for the perfect home in Colorado? We’re thrilled to present some of the most exciting new listings that cater to a variety of tastes and lifestyles.

1. 4301 Hunting Meadows Circle, Colorado Springs, CO

This end-unit condo in a gated community feels like a spacious townhome. With two stories and a basement, it offers a comfortable and flexible layout. Enjoy a warm living room with a wood-burning fireplace, fresh paint, and new carpeting throughout. The basement can serve as a family room or an extra bedroom. Plus, you’ll have a one-car garage and easy access to local amenities. https://www.peakdream.com/homes-for-sale-details/4301-HUNTING-MEADOWS-CIRCLE-COLORADO-SPRINGS-CO-80916/8252924/68/

2. 118 Marble Street, Florence, CO

For those who appreciate historic charm, this cottage is a great find. Built in the early 1900s, it seamlessly blends old-world character with modern comforts. The property features two bedrooms, a full bath, and a detached two-car garage. Its location near downtown Florence provides easy access to local shops and a welcoming community. https://www.peakdream.com/homes-for-sale-details/118-MARBLE-STREET-FLORENCE-CO-81226/3345857/68/

3. 2005 Windham Way #8, Colorado Springs, CO

Located in the prestigious Old Broadmoor Road Condominiums, this tri-level condo offers a single-family home feel. With around 3,000 square feet of living space, it features three bedrooms, two and a half baths, and a two-car garage. The homeowners loved their gourmet kitchen, multiple fireplaces, and expansive outdoor spaces, including covered patios and decks. It’s perfect for those who love both luxury and convenience. https://www.peakdream.com/homes-for-sale-details/2005-WINDHAM-WAY-8-COLORADO-SPRINGS-CO-80906/9182402/68/

4. 1634 Nellie Lane, Colorado Springs, CO

This Gold Hill Mesa house offers a blend of comfort and style. Nestled in a Westside neighborhood, it provides spacious living areas, modern amenities, and a well-manicured yard. With three bedrooms and two baths, it’s ideal for anyone looking for a peaceful retreat in Colorado Springs. https://www.peakdream.com/homes-for-sale-details/1634-NELLIE-LANE-COLORADO-SPRINGS-CO-80905/8864471/68/

Why Choose These Properties?

  • Diverse Locations: From the vibrant urban setting of Colorado Springs to the quaint, historic charm of Florence, there’s something for everyone.
  • Variety of Styles: Whether you prefer a historic home, a spacious condo, or a modern family house, these listings cover a wide spectrum.
  • Modern Amenities: Each property is equipped with features that ensure comfort and convenience, from gourmet kitchens to ample storage spaces.

Explore these properties and more on PeakDream.com. Let us help you find the perfect home that matches your lifestyle and needs.

Apartments Close to Schriever AFB and Peterson Space Force Base

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The Taylor at Greenway 24-Hour Micro Market
The Taylor at Greenway 24-Hour Micro Market
The Taylor at Greenway Co-Working Space
The Taylor at Greenway Co-Working Space
The Taylor at Greenway Courtyard
The Taylor at Greenway Courtyard

The Taylor at Greenway: Beautifully appointment apartments with high-end amenities

TaylorGreenway.com

Oakdale Springs Apartments: Offering 1 month free on select apartment homes

OakdaleSpringsApts.com

Courtland: Great location and offering 2 months free rent

Courtland.com

Apex Apartment Homes: Offering 2 months free incentives with 12-18 month lease

Apex.com

Aura Crossroads: Current incentives

Auracrossroads.com

Creekside at Palmer Park

gbcreekside.com

Upland Flats

Uplandflatsliving.com

Solace at Cimarron Hills

Livesolacecimarron.com

Berkshire Hathaway HomeServices Rocky Mountain Realtors Colorado Springs, Florence, Canon City

Contact us for more rental options and resources for your rental home search.

Our Agents

Why Are Colorado Homeowners Holding Onto Their Homes and Not Selling?

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Historically Low Interest Rates No One Wants to Give Up

Let’s admit it – we got spoiled. The historically low interest rates of 2021 made buyers anxious to find a home, and homeowners dropping everything to refinance their higher-rate mortgages. Now, no one really wants to let go of these rates by selling their current home, only to start a new loan at least 4-5% higher. For instance, on a $500,000 home purchase at 2.5% mortgage interest rates, principle and interest is about $1,876 per month versus a 7% interest rate that puts the monthly payment at $3,160 per month. Plus, you still have property taxes and property insurance on top of that, which have been significantly increasing as well. That’s a big increase to the monthly mortgage payment, and simply not enough reason for homeowners to move. Those who are planning to buy a property in a retirement or golf community may visit this website. If you want to learn more about real estate transactions, this is a good explanation of a statement of adjustments from a lawyer. You may also consult a real estate lawyer like this.

Homebuyers Created Their Ideal Home During COVID

Some homeowners choose to improve their homes instead of move.

When life drastically and suddenly changed for us all, many homeowners had to make a decision. Do I move or do I stay and improve my home? Those who took the 2nd option just a few years ago, and put money and time into making their home a place that would work for them long-term, are now not wanting to give it up so they can have a profit and invest it in something like crypto. Learn more about crypto here, if you also want to do this as well. Whether they added on, renovated, or simply rearranged to make their home fit their lifestyle, it extended their time in their current house by meeting their needs. We talked to Brad about our house value, and it gave us peace of mind knowing the improvements we made added both comfort and potential equity. Plus, the money homeowners put into renovations may not necessarily be recouped in a sale of the home, so they might as well enjoy their recent updates! To fully appreciate a refreshed and clutter-free space, scheduling professional Junk Removal in Everett WA can help clear out old materials and unwanted items, making those upgrades feel even more rewarding. For those tackling big cleanouts after renovations, hiring a reliable service like junk removal Danville NC can make the process simple and stress-free. And if you need automotive, workshop, and garage accessories, Gmd jack long UK offers a range of over 5,000 products, from auto electrical supplies and garage accessories to hardware and workshop tools.

Cost of Living Has Increased, Including Colorado Homeowners Insurance

Nationwide, homeowner insurance rates has surged in the last few years, and “the price of reinsurance nearly doubled between 2018 and 2023, and this cost was largely passed on to homeowners,” according to Realtor.com. Some stats show Colorado was one of the worst affected states, with nearly 49% increase from 2023 to 2024 (NyPost.com Feb 2024). Not to mention the cost of everyday goods, services, and entertainment that have left us scurrying to find recipes made without eggs and alternative entertainment that’s more affordable. We’re all feeling the pressure of inflation and the financial pinch which requires balancing our spending. Moving can be an expensive journey, especially when there are unplanned costs. Many homeowners are choosing the safe route of staying where they are, even if that means making other sacrifices. For affordable alternatives that can ease the financial strain, take a look at this page.

Affordability of Moving Back To Colorado

If a new job opportunity comes up out-of-state and you want to give it a go for a year, you may not want to sell your Colorado home. As the market changes and homes in Colorado continue to appreciate in value, there’s a chance you might be priced out of the market and not able to afford to come back. In 2022, the median home price in Colorado was 51% higher than the national median home price (Cost of Living in Colorado, RamseySolutions.com)! That means the odds are you’ll be paying less to purchase a home elsewhere in the United States, but returning to purchase in Colorado might be undoable if your job doesn’t work out. So instead, people are choosing to rent their homes, keeping another home off-market as options for current home buyers.

Granted, every story is different and homeowners may have other reasons for holding onto their homes, but Colorado homeowners specifically have to consider these factors in their decision to put their home up for sale in the current real estate market.

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Cuchara Mountain Park Open For Skiing

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A once familiar Panadero Ski Area is back open, just 2 hours from Cañon City, Colorado.

There are lots of choices when in comes to downhill skiing or snowboarding in Colorado, and the most recent ski area option is doing things a bit different.

Cuchara Mountain Park isn’t a ski resort – rather, it’s a public park operated and managed by Panadero Ski Corporation, a non-profit organization located in Huerfano County, Colorado. Yes, that’s right – a 501(c)3 non-profit you can make tax deductible donations to which will help bring more amenities and updates to the once popular Panadero Ski Area that has struggled for decades, including multiple owners and periods of closure.

Finally, current staff and community members celebrated opening day on December 14th 2024 with some limited services and options, but opens up a new options for skiers looking for an affordable ski area in Colorado. Plus, cities and counties in Southern Colorado that didn’t have a lot of ski resorts near them before now have an easy get away close to home. Now, according to their website:

“You come to ski at CMP to remember when skiing was simpler, affordable, and focused on community, family, and expanding participation in snowsports and outdoor recreation overall.”

Services may be a bit limited at first, but this helps them build a solid base and keep prices low. For instance, there’s currently no ski rental option on site, but they have partnered with various business near the ski area to get you all geared up prior to arriving. On the same note, lodging and food options are nearby in communities like Cuchara and La Veta, CO (just 20 minutes from the mountain park).

Visit their website for lift ticket information, as well as information about other recreational options like sledding, snowshoeing, mini golf, disc golf, hiking and biking trails. Plus, learn about educational programs and ways to make donations.

Finally Understand What the NAR Settlement Means to Colorado Real Estate Buyers and Sellers

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Finally Understand What the NAR Settlement Means to Colorado Real Estate Buyers and Sellers
Finally Understand What the NAR Settlement Means to Colorado Real Estate Buyers and Sellers

NAR Settlement Agreement

If you’re wondering about upcoming changes with real estate commissions, this article
will answer your questions and maybe clear up some misinformation.
The National Association of REALTORS® (NAR) has announced a complex settlement
agreement that would resolve litigation brought on behalf of home sellers related to
broker commissions. The settlement, which must be approved by a judge, resolves
claims against NAR and most members and brokerages and in return NAR will pay
$418 million over 4 years.
Berkshire Hathaway’s parent company, HomeServices has recently agreed to settle in a separate settlement for $250 million, which helps protect our 51 brands, nearly 70,000 real estate agents and over 300 franchisees from similar litigation.

What changes can consumers expect ?

In Colorado, the settlement may not impact home buyers and home sellers very much.
Some media reports falsely suggest that the settlements will make real estate
commissions negotiable so sellers will save money. In truth, real estate commissions
have always been negotiable. There is no standard fee or percentage, and you should consult with an experienced real estate agent to determine the commission amount. But remember, it’s not just about paying your listing agent, it’s also about offering a desirable incentive of compensation to the buyer’s agents that will be showing your home. Contact New Era Home Buyers Denver if you want to sell your home in a short period of time.

Compensation and Paying the Buyer’s Agent

Another key aspect of the settlement is that it will allow the continued practice of
cooperative compensation, or the offering of compensation to buyer’s agents. But
offers of co-op fees compensation will no longer be noted in the MLS (multiple listing service used by real estate professionals).
The practice of sharing commissions goes back many decades. While some argued the
practice increased seller cost, the counter-argument is that offering compensation to
buyer buyers helps sellers get more showings and thus, a higher sale price in a shorter
period of time.
By removing co-op commissions from MLS, real estate companies anticipate providing
this information on a separate website for the benefit of buyer agents and their clients.
This may be an extra step but is not expected to substantially change the selling
process.
Home buyers in Colorado are not expected to experience much change, either. For
decades, our state has encouraged buyers to engage their own real estate agent to
represent them in the purchase, and buyer broker compensation is part of that
agreement.
Co-op commissions for buyer brokers has made home ownership more affordable for
buyers who are already struggling to save for down payments and closing costs.
Moving forward, we will sit down with prospective home buyers and sellers and discuss
the process and expense of buying and selling And as always, we will give our clients
the risks and benefits of various options.
As agents, we strive to provide housing opportunities for as many buyers as possible,
so we are hopeful that the majority of home sellers will continue see the benefit of
offering a co-op commission.
If a seller does choose to not to offer compensation to a buyer broker, they are free to
make that choice. But that has always been the case.

Putting Our Clients First

Our goal to provide value to our clients is unchanged and we remain committed to
ensuring that in every transaction, your satisfaction is our absolute priority. If you have more questions, we’d love to hear from you directly. Reach out anytime to your favorite agent and we’d love to help you understand the how the NAR settlement may affect your next real estate sale or purchase.

Berkshire Hathaway HomeServices Rocky Mountain REALTORS® Colorado Real Estate | PeakDream.Com

Unique Colorado Properties You Can Buy Now

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Colorado is home to some incredibly unique properties, from homes and land to commercial real estate. If you are thinking about investing in Colorado property, you have a state full of unique choices and it’s way beyond the typical single family home.

Geodesic Dome House Built By a Group of Artists

3535 DELILAH DRIVE CAÑON CITY, CO 81212

Let’s start with a standard single family home, but this geodesic home is anything buy typical. The unique design alone catches the interest of many buyers online, with triangular shaped roof sections balanced with square window boxes and steep roof lines. Multiple exterior wood decks provide a lookout point to the vast open Colorado landscape surrounding it, with a variety of trees, rolling hills, and mountain views. But perhaps the most incredible aspect of this Cañon City, Colorado home is the meticulously crafted wood interior. But if you’re looking for durable steel frame houses, then you might want to click the link to see more options.

It’s a true livable piece of art, so it’s no surprise that it’s been featured in the New York Times. Other perks of this magnificent property are additional garages and outbuildings, which sit on a 35 acre lot. The garage doors have been upgraded with modern openers and nylon rollers to reduce noise during daily use.

The Original Royal Gorge Homestead

321 COUNTY ROAD 353A CAÑON CITY, CO 81212

Located in Star Ranch, this historic property was the original homestead in the Royal Gorge, now a popular tourist area featuring the Royal Gorge Bridge and Park. The sprawling homestead was established in 1910, which includes a main house plus an additional cabin on the serene 48-acre property. In addition to multiple outbuildings there’s a chicken coop, livestock stables, and root cellar on the property as well. The character of the original home is still intact with with features such as original wood accents and walls, and original granite fireplace. It’s a perfect retreat setting as a second home or unique primary residence for those who love access to the outdoors, backing to BLM land with a remote location away from the city lights.

This Unique Colorado Property was the Original Homestead in the Royal Gorge 321 CR 353A Canon City CO 81212

Famous Two Sisters Restaurant in Florence + 4 Other Opportunities Under One Roof

102-106 E MAIN STREET FLORENCE, CO 81226

Extremely rare mixed-use property with tons of potential, located in the heart of downtown on Main Street! Formerly the popular breakfast and lunch spot, this large street level restaurant space is now available for sale. In addition to the main dining area, there are private meeting and dining spaces for events or large groups. It would make an ideal event space or venue with a full service kitchen and room for storing tables, chairs, and event staging areas. Next door is the former Two Scoops Ice Cream Shop with a separate entrance and separate utilities for a retail space or other commercial options. However, this unique property includes more than just commercial spaces. One the second floor, you’ll find two rented apartments which can provide the new property owner with immediate income and cash flow. Finally, an unfinished 3rd space that was intended for two luxury residential lofts. It’s a lot of square footage, but you’ll be shocked by the low price.

Interested in other properties in Colorado? We can help you find the ideal and unique property you’ve been searching for and walk you through the process of owning a piece of Colorado real estate.

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Peak Dream Rocky Mountain Realtors Downtown Colorado Springs
724 S Tejon St, Ste C, Colorado Springs, CO 80903

232 E Main St Florence, CO 81226
(719) 431-6903

417 Main Street, Cañon City, CO 81212
(719) 431-6903

Sylvia Jennings, Broker Associate
(719) 635-7653

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