Welcome to the final stretch of August 2026 in Colorado Springs. Summer is lingering beautifully, Labor Day weekend is right around the corner, and September is shaping up to be one of the liveliest months of the year. Here is your complete update: the latest market data, every major event from now through late September, community news you need to know, and what to watch for as we transition into fall.

Let's get into it.

Market Snapshot: Late August 2026

The Colorado Springs real estate market continues to settle into a balanced, buyer-friendly groove. Inventory remains elevated compared to recent years, giving buyers genuine choice, while sellers who price and present their homes well are still finding buyers. Here is the latest data, updated August 25, 2026:

Median home price: ~$467,000-$495,000. The median sale price continues to hold in this range, with the average home price coming in around $568,633 (down roughly 1% year-over-year). The Colorado Association of Realtors mid-year report showed a median of approximately $467,469, while July closed-sales data for El Paso and Teller counties reflected a median closer to $494,950. Prices have stabilized after the post-pandemic volatility, creating a more predictable environment for both buyers and sellers.
Days on market: 48-58 days. Homes are taking a median of roughly 48 to 58 days to sell depending on price range and location. This measured pace gives buyers time to compare options and make informed decisions. Well-priced, well-staged homes in desirable neighborhoods are still moving faster; overpriced listings are sitting.
Active listings: ~4,312 to 5,758. Inventory across the region continues to show year-over-year gains, with active listings roughly 2-3% higher than last August and the broader trend showing inventory up more than 25% year-over-year over recent months. Months of supply sits at 4.4, firmly in balanced-market territory.
Price adjustments: ~54% of listings. More than half of Colorado Springs listings have seen price reductions at some point. This is the defining metric of the current market for sellers: pricing right from day one matters more than it has in years. For buyers, it means real negotiating power.
Sales activity: 1,041 homes sold in July. Sales were up roughly 2.5% year-over-year in the cumulative mid-year view, signaling steady demand even as the overall market has normalized from the peak frenzy of 2020-2022.
Year-to-date outlook. Analysts continue to project flat to 3% price growth for the full year 2026. The market is widely described as "balanced" trending "buyer-friendly." No dramatic swings are expected. This is a healthy, sustainable environment that rewards thoughtful buyers and strategic sellers.

For a full neighborhood-by-neighborhood breakdown, visit my complete market report page.

Events: The Last Week of August 2026

Before we hit September, here is what is happening in the final days of August:

Weenies & Tinis 2026 (through August 30). The downtown culinary crawl is wrapping up but still going strong. Ten participating restaurants are offering gourmet hot dog and martini pairings. A perfect foodie send-off before summer ends. Check the Downtown Partnership's website for participating venues.
Colorado Springs Greek Festival (August 20-22). This beloved annual tradition at the Assumption of the Theotokos Greek Orthodox Church just wrapped. If you missed it, put it on your calendar for next summer.
Colorado Springs Comic Con (August 21-23). At the Broadmoor World Arena. Celebrity appearances, cosplay, and pop culture events drew thousands. Look for next year's dates in early 2027.
Ty Myers, Brent Cobb & Benny G (August 28-29). Live country music at Ford Amphitheater. A great way to cap off summer with an outdoor concert under the Colorado sky.
Sunday Market (August 30). Weekly market at Acacia Park, 9 a.m. to 2 p.m. Fresh local produce, artisan goods, and live music in a beautiful downtown setting.
Colorado Farm & Art Market (Wednesdays through October 9). At Alamo Square Park, 3-7 p.m. This weekly market is still going strong through fall. Fresh produce, artisan goods, and community atmosphere.
Summer Night Series in Old Colorado City (Thursdays). Free live music at Bancroft Park continues through the remaining summer weeks. A neighborhood staple.

September 2026 Events: Your Month Ahead

September is an extraordinary month in Colorado Springs. The weather is beautiful, the crowds thin out slightly after Labor Day, and the event calendar is packed with can't-miss experiences. Here is everything you need to know:

Labor Day Weekend (September 5-7)

Labor Day Lift Off (50th Annual). Colorado's largest hot air balloon festival returns to Memorial Park, September 5-7. Mass balloon launches at 7 a.m. daily, evening balloon glows, live music, food vendors, family activities, and USAF skydiving demonstrations. Free to attend and absolutely breathtaking against the backdrop of Pikes Peak. This is the signature end-of-summer event in the region.
Commonwheel Artists Co-Op Labor Day Art Festival (52nd Annual). Held concurrently in Memorial Park, Manitou Springs. A free juried art festival featuring approximately 100 local artists showcasing fine art and contemporary crafts. Open 10 a.m. to 5 p.m. daily. A wonderful way to support local artisans and find one-of-a-kind pieces.
Brantley Gilbert LIVE at Ford Amphitheater. September 5. Big-name country music at Colorado Springs's premier outdoor venue.

Mid-September Highlights

Dot Days Community Festival (September 8-11). A multi-day, multi-venue festival across Colorado Springs as part of the America 250 / Colorado 150 celebration. Themes include Cultural Connections, Sustaining Communities, Citizen Science, and Our Place in Nature. Locations include the Pioneers Museum, Hillside Hub, and UCCS.
Wild West Burgers & Craft Brews Experience (September 9). Downtown Colorado Springs. A food-and-drink event pairing gourmet burgers with local craft brews. Tickets around $75.
Youth Fishing Derby (September 12). At Pikes Peak - America's Mountain, 8:30-11 a.m. A free, family-friendly event introducing kids to fishing in one of Colorado's most iconic settings.
The Rush Tribute Project (September 12). Live at the Pikes Peak Center. A celebration of the music of Rush for fans of classic rock.
Anne Wilson: The Stars Tour (September 15). Contemporary Christian/country artist at the Pikes Peak Center.

Late September: Peak Season

Pikes Peak Ascent & Marathon (September 19-20). "America's Ultimate Challenge." The Ascent on September 19 is a 13.3-mile race to the summit of Pikes Peak (7,800 feet of elevation gain). The Marathon on September 20 is the full 26.2-mile round trip. This is a world-famous event that draws runners from across the globe. The summit views are spectacular even if you are just cheering from the sidelines.
Lynyrd Skynyrd with 38 Special (September 19). Legendary Southern rock at Ford Amphitheater. An absolutely electric double bill.
Ali Siddiq (September 19). Stand-up comedy at the Pikes Peak Center. A great night out for comedy fans.
Garden of the Gods Rock Ranch Ledge Powwow (September 19). A cultural gathering celebrating Native American heritage at Garden of the Gods. A meaningful community event.
Robert Plant with Saving Grace & Suzi Dian (September 22). Rock royalty at the Pikes Peak Center. An intimate evening with the legendary Led Zeppelin frontman.
Colorado Springs Oddity & Bizarre Expo (September 24-26). A one-of-a-kind event celebrating the unusual and eccentric. Think curiosities, oddities, and the wonderfully strange.
The Fab Four: Beatles Tribute (September 24). America's premier Beatles tribute band at the Pikes Peak Center.
The Commodores & The Spinners (September 25). Motown and R&B legends at Ford Amphitheater. A can't-miss show for fans of classic soul music.
Sweeney Todd (September 10 - October 4). Sondheim's masterpiece on stage in Colorado Springs. Dates vary, check the venue for showtimes.
My Hero Academia In Concert (September 29). Anime fans rejoice: the hit series' music performed live by orchestra at the Pikes Peak Center.

Community News: What Changed This Week

OneVela Tower: Downtown's 27-Story Apartment Project on Track

The OneVela 27-story apartment tower at 121 E. Boulder St. is expected to begin construction by the end of 2026. Standing roughly 300 feet tall with approximately 400 units, this glassy high-rise will be a defining addition to the downtown skyline. For buyers and investors, this signals continued confidence in downtown Colorado Springs. more density, more amenities, and more urban living options arriving in the next few years. Combined with the Elevate Downtown master plan's $2.5 billion investment target, the downtown pipeline is the strongest it has been in decades.

Circle Drive Bridges: Nearing Final Completion

After years of construction, the four-bridge replacement project on Circle Drive is in its final stages. Anticipated completion is late fall 2026. These bridges are critical infrastructure connecting the west and south sides of the city, and their completion will be a welcome relief for commuters who have navigated the construction zone.

Las Vegas Street: $30 Million Wastewater Upgrade

Colorado Springs Utilities has begun a significant wastewater treatment upgrade on Las Vegas Street, causing traffic delays that are expected to continue through 2027. This $30 million project is part of the broader $345 million Wastewater System Expansion Project (Phase I, 2025-2029). While the construction is an inconvenience for south-side commuters today, these investments support the city's long-term growth capacity.

Switchbacks FC: Record Attendance

The Colorado Springs Switchbacks FC have seen attendance surge by more than 40% this season, fueled by World Cup buzz and the team's strong performance at Weidner Field. The remaining home games are drawing strong crowds. Catch them while the energy is high. the USL Championship playoffs are approaching.

Kelker Substation Expansion

A $140 million expansion of the Kelker Substation is underway (2025-2029) that will nearly double capacity for southeast Colorado Springs. This critical utility infrastructure supports the new residential and commercial development happening along the Powers corridor and the southeast quadrant of the city.

Infrastructure Tracker: Progress Report

Here is the updated status on the major infrastructure projects shaping Colorado Springs:

Airport Road & Powers Boulevard Diverging Diamond. FULLY OPEN. Traffic flow on the east side has improved dramatically.
I-25 Improvements (Fillmore to Garden of the Gods). Acceleration and deceleration lanes plus bridge reconstruction over Ellston Street. Expected to complete by early fall 2026. Overnight lane closures have been in effect.
Tejon Street Revitalization. Phase 1 enhancements complete. New granite crosswalks, paving, and landscaping have transformed the downtown corridor.
Circle Drive Bridge Replacement. Final stages. Expected completion by late fall 2026.
Woodmen Road Improvements. Planning phase underway for improvements from Powers Boulevard to US 24.
2C Paving Program. Approximately 125 lane miles across 109 segments being improved this year. Work on South Circle Drive, Palmer Park Boulevard, and Union Boulevard is largely complete.
Academy Boulevard Traffic Impacts. Ongoing road work continues to cause delays. Plan for extra travel time.
Las Vegas Street Construction. $30 million wastewater upgrade causing delays. Expected through 2027.
8th Street Water Main Replacement. Extended timeline. Traffic lanes remain impacted on this westside corridor.

Fall 2026 Real Estate Outlook

As we turn the calendar to September, here is what I am watching in the Colorado Springs real estate market:

Fall inventory typically brings motivated sellers. Sellers who list in September and October often have a timeline. a job relocation, a completed new home, or a desire to close before the holidays. This can create real opportunities for buyers.
Interest rates remain the wild card. Mortgage rates continue to influence buyer behavior. Lower rates could bring a wave of buyers back into the market; stable rates mean the current balanced environment continues. I can connect you with trusted local lenders to discuss your specific situation.
Banning Lewis Ranch expansion. The 5,000-home plan continues working through the approval process. Watch for construction timeline announcements on new sections, potentially beginning in 2027.
Elevate Downtown implementation. With the master plan approved in August, the next phase involves zoning changes, developer proposals, and community engagement. Early activity could signal where the first projects break ground.
Fort Carson expansion. The anticipated 13,000+ new personnel and 18,000 family members will continue to drive housing demand in the south corridor. This is a multi-year demographic tailwind.
Fall events to plan around. The Pikes Peak Regional Air Show, Oktoberfest celebrations, the Great Colorado Pumpkin Patch, and holiday season activities in downtown Colorado Springs all add to the vibrancy of living here.

What This Means for You

If you are buying: This is still one of the most buyer-friendly Colorado Springs markets we have seen in years. With strong inventory levels, months of supply at 4.4, and more than half of listings seeing price adjustments, you have time and negotiating power. The fall market can be an excellent time to buy. sellers who list in September are often motivated, and you may find less competition than in the spring. Get pre-approved, know your priorities, and let's find your best home.

If you are selling: Pricing strategy is everything in this market. With 54% of listings carrying price reductions and days on market at 48-58 days, homes that are priced competitively from day one, professionally staged, and marketed effectively are the ones that get results. The fall market can still be strong for sellers who get the fundamentals right. If you are considering a sale before the holidays, let's start the conversation now.

If you are investing: The Elevate Downtown plan, Fort Carson expansion, Banning Lewis Ranch growth, and the Kelker Substation expansion all point to a city with strong long-term fundamentals. The multifamily construction pipeline is tightening, which historically supports rent growth. Areas near the new Southeast Strong Neighborhood Plan present compelling potential as infrastructure and investment follow the plan.

Whether you are buying, selling, investing, or just curious about what is happening in Colorado Springs, I am here to help. Contact me today and let's talk about your real estate goals. Thank you, talk to you soon!

End of August into September 2026: Colorado Springs Events, Market Update & Fall Preview