Should You Buy a Home Now?

5 data-driven signals updated daily from the Pikes Peak MLS to help you time your purchase.

Some signals suggest patience could be rewarded

Analysis based on the Pikes Peak region. Each signal scores -1 (act now), 0 (neutral), or +1 (consider waiting).

Home prices in the Pikes Peak region have declined 2.2% over the last 6 months. Prices may continue to soften.

The current mortgage rate (6.1%) is above the 20-year average (4.8%). If rates decline, monthly payments would drop — each 1% decrease saves roughly $294/mo on a $445,000 home.

Inventory in the Pikes Peak region is at 4.1 months of supply, indicating a balanced market.

At a 52% payment-to-income ratio, homes in the Pikes Peak region are stretched. Monthly cost: $3,423. Waiting for rate or price relief could improve affordability.

Feb is historically an off-peak month with less buyer competition. Sellers who list now tend to be more motivated.

Want a Personalized Analysis?

These signals are market-wide. Your situation — budget, timeline, preferred neighborhoods — matters just as much. Let's talk through what the data means for you specifically.

How We Calculate Buy Timing Signals

This tool analyzes five dimensions of the Colorado Springs housing market to help you make a data-informed timing decision: price direction (are prices rising or falling?), interest rate outlook (are rates high or low historically?), inventory levels (how much competition exists?), affordability (what does a median home actually cost per month?), and seasonal patterns (is this historically a good month to buy?).

Each signal is scored independently, then combined into an overall lean. The tool updates daily using live data from the Pikes Peak MLS, so signals shift as market conditions change.

Thinking about selling instead? Check Should You Sell Now? for the seller perspective. For a deeper dive into market trends, visit the Market Trends page. To see where buyers are getting the best deals, check Top 10 for Buyers. Ready to start your search? Find homes by monthly payment.