A post has been making the rounds showing Colorado leading the country in sellers who are now willing to accept less than they paid for their home. The figures, from Jason Lewis citing Parcl Labs data, put Colorado first in the nation on that measure, with 11.8 percent of listings priced below purchase versus 6.5 percent nationally, and second on the share of homes cutting their price, at 51.9 percent versus 43.3 percent nationally.
Those are statewide numbers. Here is what the same picture looks like in Colorado Springs, pulled from our own local data.
| Measure | National | Colorado | Colo. Springs |
|---|---|---|---|
| Listings below their original price | 43.3% | 51.9% | 59.9% |
| Median price cut, when they cut | not given | 7.2% | 4.8% |
More Colorado Springs sellers are trimming their price than anywhere statewide, but by less. The typical cut here is 4.8 percent, against 7.2 percent for Colorado as a whole. That reads as a market easing lower in small steps, not cutting hard.
The more useful question is not whether sellers are cracking, but which sellers. We matched every active Colorado Springs listing to the current owner's purchase price in the El Paso County Assessor records, 2,209 homes in all, and grouped them by the year the owner bought.
Share of current Colorado Springs listings priced below the owner's purchase price, by year the owner bought. Green: above water. Amber: turning. Red: often below purchase.
The pattern is clean. Anyone who bought in 2020 or earlier is almost entirely above water. The sellers now listing below what they paid are the 2021 through 2025 cohort, the buyers who purchased near the top of the market. Among 2024 buyers who are selling today, 58 percent are asking less than their purchase price.
The statewide story holds in Colorado Springs, with two local qualifications worth keeping in mind. First, the cuts here are wider but shallower, which reads as a market adjusting rather than one in distress. Second, the pain is concentrated in a single vintage of buyers, not spread across the market. A 2015 buyer in Colorado Springs is sitting on substantial equity and is not cracking at all.
On supply, Colorado Springs sits at about 5.2 months, which is balanced and well up from the tight 2015 to 2021 years, but still below the city's own historic inventory highs. The figure of inventory being within 4 percent of all time highs is a statewide number, and it does not describe Colorado Springs specifically.
The headline is right that some Colorado sellers are giving ground. The local data adds the detail that matters if you own a home here: whether you are one of them depends almost entirely on the year you bought.
Price cut and supply figures are from ELEVATE MLS active listings. The below purchase figures match Colorado Springs active listings to El Paso County Assessor sale records, with 2,209 homes matched. Statewide and national figures are from Jason Lewis citing Parcl Labs, October 2026. Prepared by Rob Thompson, Realtor, Iconic Colorado Properties.
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