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Hello,
If the market felt different in 2025, here’s why.
Home sales actually increased:
- 2025: 4,906 homes sold
- 2024: 4,679 homes sold
But prices moved the opposite direction.
Home prices declined year over year:
- 2025:
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Average price: $527,000
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Median price: $450,000
- 2024:
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Average price: $557,000
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Median price: $488,000
The reason? Inventory.
In the summer and fall of 2025, the Pikes Peak Metro had just over 5,000 homes for sale—the highest level we’ve seen since 2010. At that point, only 1 in 4 homes on the market sold.
By comparison, inventory in 2024 stayed under 3,500 homes, which kept competition stronger and prices higher.
Why so many homes hit the market in 2025?
Many homeowners delayed selling for years because of ultra-low interest rates—even when their home no longer fit their needs. But life keeps moving. Job changes, growing families, and other transitions created a wave of pent-up demand that finally came to market around June 2025.
Bottom line:
This wasn’t a crash—it was supply and demand playing out in real time.
If a friend, neighbor, or coworker ever mentions they’re thinking about buying or selling, I’m always happy to help answer questions (no pressure, no rush).
👉 Feel free to pass my number along: 📲 719-351-1326
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