When evaluating the market(s), make sure you're qualifying what you're reading and asking additional questions. E.g., the September 24 to September 25 average house price rose over $35K year over year ($521,451 to $556,998). To qualify: these are single family homes in Colorado Springs specifically. 

Is this the full story? Not quite. We should also note the days on market increased by 10 on average. 

Is this the full story? Not quite. We should also note the number of homes sold is different. 590 in 2024, 653 in 2025. 

Wait? More homes sold for more? Not quite. Let's look under the hood a bit more. 

The average closed to original list price loss for September 2024 for closed single family homes was 1.08%, or $5,631.67. That is, they sold on average for that much less.

For September 2025, they sold for 3.85% less, or $21,444.42. 

A more accurate statement would be this: Single Family Homes in Colorado Springs sold for $535,553.58 on average in September 2025, relative to $515,819.33 in September 2024. 

Let's add one more layer here: how many homes didn't sell? In September 2024, 200 homes were withdrawn, cancelled or expired. In September 2025, 322 were w/c/e. 

It may be more accurate to state the rate of loss increased year over year, as well as the number of homes that didn't sell increased as a percentage. 

Why It Matters: Survivorship bias. If we only look at the winning data, we omit the other half of the story. An understanding of more of the story is important to understand what's actually happening.

Source Data: PPMLS Extrapolated Data, 30 Oct 2025