October’s El Paso County housing figures point in two directions: single-family listings increased and homes took longer to sell, but average prices did not fall year over year. Condo and townhome prices, meanwhile, declined year over year even as they rose from September. The figures suggest that the market’s direction depends in part on which type of home is being measured, rather than showing a uniform shift in prices.
More listings, different price signals
KOAA News 5 reported that single-family listings reached 3,126 in October, up from 2,866 a year earlier. The average single-family sale price was $551,604, 4.4% above October 2025’s $528,336 but slightly below September’s $554,263. Condo and townhome listings rose to 614 from 575; their average sale price was $349,110, down 2% year over year but up 8.8% from September, according to KOAA News 5.
The slower pace was clearest in single-family sales: 652 closed in October, compared with 711 a year earlier, while average time on the market increased to 56 days from 52. Those figures describe fewer completed sales and longer marketing times alongside more listings; they do not, on their own, show that buyers have secured the upper hand across every segment.
Pikes Peak Association of REALTORS board president Andrea Warner told KOAA that buyers have more room to negotiate, including asking sellers for concessions, and that sellers need to price carefully as they compete with more listings. She characterized conditions as more balanced than during the pandemic-era seller’s market and described the slower pace as seasonal. Those are her assessments, as reported by KOAA, not conclusions established by October’s figures alone.
Earlier reports complicate a simple trend line
The Colorado Association of REALTORS®’ August 2026 El Paso County report offers an earlier point of comparison: single-family sold listings were down 7.4% from August 2025 for that month, while year-to-date sales through August were up 1.3%. The report put August’s average single-family sale price at $561,649, down 2.3% year over year, and the townhouse-and-condo average at $332,198, down 2.8%. These monthly averages differ from October’s, but comparisons across two months do not track the same homes or establish a lasting price trend. The August figures are in the association’s county market update.
September’s regional figures provide another, not identical, comparison. The Colorado Association of REALTORS® reported that Colorado Springs-area sales fell 9.7% year over year, average prices declined 3.5% to $545,660, and homes averaged 53 days on the market, with 4.6 months of inventory. That regional report covers September and a Colorado Springs-area market measure, so it should not be read as an October El Paso County result. It does show why a single month’s county figures are insufficient to characterize the wider market. The association’s September report also noted that nearly half of El Paso County listings had price reductions.
Negotiating room meets higher borrowing costs
Buyers’ ability to negotiate is only one part of affordability. The Gazette, citing Freddie Mac, reported an average 30-year fixed mortgage rate of 7.03% on Sept. 24, 2026, compared with 6.30% a year earlier. Together with October’s higher year-over-year average single-family sale price, that rate comparison indicates that borrowing costs and prices were both higher than a year before. It does not calculate the monthly payment for a representative buyer or show how many buyers could qualify. The Gazette’s report provides the rate comparison.
October therefore offers evidence of more single-family listings, fewer closed single-family sales, and diverging average-price comparisons for detached and attached homes. The available figures do not settle whether the slower pace is chiefly seasonal or part of a longer-term change, nor do they establish that bargaining conditions are the same for every buyer or property type.
