This report summarizes how the Pikes Peak residential market changed between May 2021 and April 2026. Six metrics are tracked monthly: median sale price, days on market, active inventory, closed sales, months of supply, and prevailing 30-year mortgage rates. All figures come from Pikes Peak MLS data and the project's monthly metrics archive. No commentary is offered beyond what the numbers describe.
Each row below is a single month — May of each year, plus the most recently completed month (April 2026).
| Month | Median Price | Avg DOM | Median DOM | Active | Sales | MoS | 30-yr Rate | CPOLP |
|---|---|---|---|---|---|---|---|---|
| May 2021 | $424,950 | 8 | 3 | 1,589 | 1,744 | 0.91 | 2.96% | 103.90% |
| May 2022 | $475,000 | 11 | 4 | 2,387 | 1,917 | 1.25 | 5.23% | 102.50% |
| May 2023 | $455,000 | 31 | 8 | 2,905 | 1,490 | 1.95 | 6.43% | 100.00% |
| May 2024 | $465,000 | 37 | 13 | 4,099 | 1,354 | 3.03 | 7.06% | 99.52% |
| May 2025 | $473,450 | 43 | 19 | 5,233 | 1,338 | 3.91 | 6.82% | 99.04% |
| Apr 2026 | $457,500 | 53 | 24 | 4,116 | 1,113 | 3.70 | ~6.10%* | 98.36% |
*Latest available 30-year fixed reading is January 2026 (6.10%). Months of supply (MoS) = active listings ÷ closed sales for the month. CPOLP = close price ÷ original list price (median across closed transactions, outlier-trimmed to 50–150%).
Median sale price moved from $424,950 in May 2021 to $457,500 in April 2026, a five-year change of +7.7%. The interim peak was $485,000 in June 2024. Monthly readings have remained within the $430,000–$485,000 band continuously since November 2021.
Average days on market rose from 8 in May 2021 to 53 in April 2026. Median days on market — the more typical buyer experience — moved from 3 to 24 over the same window. Both measures peaked in the winter of 2024–2025 (74 average / 56 median in February 2026's prior winter period).
Active inventory grew from 1,589 listings in May 2021 to a peak of 5,826 in July 2025, then settled to 4,116 in April 2026 — a net five-year increase of +159%. Closed sales moved in the opposite direction, from 1,744 to 1,113 per month, a decline of −36%.
Months of supply rose from 0.91 in May 2021 to 3.70 in April 2026. Standard Pikes Peak thresholds classify under 2 as a tight market, 2–4 as lean-seller, 4–6 as balanced, and 6+ as loose. The market has spent 2024–2026 oscillating across the lean-seller / balanced boundary, never falling back below 2 and never exceeding 6.
CPOLP measures the full negotiation arc from the original list price to the final sale price, including any price reductions made during the listing period. Sales closed at a 3.90% premium to original list price in May 2021 and at a 1.64% discount in April 2026, a five-year swing of −5.54 percentage points. The series crossed below 100% (asking price) in mid-2024 and reached its low of 95.97% in December 2025 before recovering through the first quarter of 2026.
The prevailing 30-year fixed mortgage rate moved from 2.96% in May 2021 to a high of 7.62% in October 2023, then settled into a 6.10%–6.99% range through 2024 and 2025. The most recent recorded value is 6.10% in January 2026.
| Metric | May 2021 | Apr 2026 | Change |
|---|---|---|---|
| Median sale price | $424,950 | $457,500 | +7.7% |
| Average days on market | 8 | 53 | +562% |
| Median days on market | 3 | 24 | +700% |
| Active listings | 1,589 | 4,116 | +159% |
| Closed sales (monthly) | 1,744 | 1,113 | −36% |
| Months of supply | 0.91 | 3.70 | +307% |
| 30-year fixed rate | 2.96% | ~6.10% | +3.14 pts |
| CPOLP (median) | 103.90% | 98.36% | −5.54 pts |
Methodology and data notes. Source data is the Pikes Peak Multiple Listing Service monthly archive (data/ppar_historic_metrics_m2.csv) supplemented by the project's market_metrics_monthly Postgres table for January–April 2026. All figures cover residential transactions in the PPMLS service area (El Paso, Teller, Pueblo, and adjoining counties). DOM values are taken as reported by the source. Months of supply is computed as active listings divided by closed sales for the same month. CPOLP is computed monthly as the median of (close price ÷ original list price) across all closed transactions, trimmed to the 50–150% range to exclude data-entry outliers. The April 2026 mortgage rate is shown as the most recent recorded value (January 2026, 6.10%); February–April 2026 readings have not yet been synced from FRED.
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