El Paso County Housing Market Update - Week of November 2nd
Demand kept pace with new supply in El Paso County this week as new pendings nearly matched new listings, with median sold price at $475,000 and months of inventory at 5.8.
Demand Kept Pace With New Supply This Week
Here's this week's market report:
Single-family and patio homes, live MLS count as of November 2, 2026
- Active listings: 3,131 (down 80 from last week)
- New listings this week: 165 (down 18)
- New pendings this week: 161 (up 22)
- Price reductions this week: 360 (down 47)
- Median sold price, last 30 days: $475,000
- Sale price vs. original list price: 96.5%
- Median days on market (sold homes): 40
- Months of inventory: 5.8
For a deeper look at what these weekly numbers mean for the season ahead, visit our full Colorado Springs market report.
Townhomes and condos are moving slower, with 613 active, 29 new listings against just 20 new pendings, and about 6.7 months of inventory, so condo and townhome buyers hold the most leverage in the county right now.
Here’s what changed. Last week, buyers signed about 3 contracts for every 4 new listings. This week it was nearly 1 to 1, with 161 new pendings against 165 new listings. When demand keeps pace with new supply, the number of homes on the market starts to shrink, and that’s exactly what happened, with 80 fewer homes available than a week ago. Sellers also eased up on price cuts, from 407 last week to 360 this week. One number to watch is the pricing gap. Homes sold for 99.8% of their final list price but only 96.5% of their original price. On a $500,000 home, that gap is roughly $16,500, which is about what starting too high costs a seller.
Bottom line for buyers: You still have real choices and room to negotiate, especially on homes sitting past 60 days. But more buyers got off the sidelines this week, and the best-priced homes are the ones going first.
Bottom line for sellers: Buyers are active, but they're paying for value, not hope. Price it right from day one and you'll likely sell near full price in about 40 days. Price it high and you'll probably end up cutting anyway, after losing your strongest weeks on the market.
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Information current as of November 2, 2026. Data reflects live MLS counts for single-family and patio homes in El Paso County and is not a guarantee of future performance; always verify current figures with your agent and lender.
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Market Report
Live Colorado Springs and El Paso County market data, updated weekly.
Last Week's Market Update
How last week’s numbers compare: contracts fell 19% while months of inventory climbed to 5.7.
Median Price & Days on Market
What the two most-quoted market numbers actually mean for you.
Buyer's or Seller's Market
Where El Paso County sits this fall and what it means for your offer or list price.