We are wrapping up July 2026, and the energy in Colorado Springs is at a high point. The summer has flown by with a packed calendar of events, major infrastructure projects hitting milestones, and a real estate market that continues to settle into a healthy, balanced rhythm. Whether you are a buyer, a seller, or just someone who loves this city, there is plenty to be excited about as we head into August.

Here is your complete end-of-July update: the latest market data, what to do this week and next, and a look at what is coming in the weeks ahead.

Latest Market Data: July 2026

The Colorado Association of Realtors released its mid-July state report, and the Colorado Springs market data confirms a balanced, steady market. Here is where things stand as of the last week of July:

Median home price: $499,900 — The median price in the Pikes Peak region has held essentially flat year-over-year, reflecting stable demand and supply. The average sale price edged up 1% to $577,638. This is a healthy market, not a volatile one.
Average days on market: 45 days — Up from 40 days in June, homes are sitting slightly longer. This is well within the range of a balanced market and gives buyers time to evaluate options without feeling rushed.
Price adjustments on the rise — About 43% of active listings have seen at least one price reduction. This is a strong signal that pricing correctly from the start is more important than ever. Homes priced competitively and marketed well are still selling; overpriced listings are sitting.
Statewide context — Colorado's statewide median home price reached $560,000 in June, up 8.7% year-over-year. Colorado Springs continues to offer strong value relative to the Front Range and Denver metro area.
Days on market — The statewide average days on market hit 45 days as of June 2026, a 12% increase from the prior year, mirroring the Springs trend of a more measured pace.

What does this mean? For buyers, the combination of stable prices, growing inventory, and more time to make decisions creates a favorable environment. For sellers, the playbook is clear: price it right, present it well, and market it strategically. The homes that are doing both are still moving.

For a deeper dive into neighborhood-by-neighborhood data, visit my full market report page.

This Week in Colorado Springs: July 27 & August 2026

As we close out July and step into August, the events calendar is packed. Here is what not to miss:

This Week (July 27–31)

Manitou Chamber Music Festival (through July 26) — World-class chamber performances in intimate Manitou Springs venues. The final weekend of the festival's 13th season.
Summer Night Series in Old Colorado City — Free live music every Thursday evening in Bancroft Park. This Thursday, July 30, is another evening of community, music, and warm summer air.
L.A. Guns at Black Sheep (July 28) — The legendary rock band plays the iconic Colorado Springs venue. A great night out for music fans.
Colorado Farm & Art Market — Wednesdays at Alamo Square Park through October 9. Fresh local produce, artisan goods, and live music from 3 to 7 pm.
Shinedown & Coheed and Cambria (July 31) — A massive concert at Weidner Field. This is the biggest show of the week in Colorado Springs.

August 2026: What to Watch For

August is shaping up to be one of the most event-packed months of the year. Here is the full calendar:

August 1 — United We Rock Festival at Rock Ledge Ranch (2–8 pm). Colorado's 150th birthday celebration with live music, living history, food trucks, and a centennial drone show. One of the signature events of the Colorado 150 / America 250 celebrations. Tickets are $25 for adults 21+.
August 1 — The Black Crowes & Whiskey Myers at Ford Amphitheater. A double bill of top-tier rock acts.
August 5 — The Stray Cats at Pikes Peak Center. A rare performance from the iconic rockabilly band.
August 8 — Rocky Mountain Flower Fest & Tacos and Tequila Festival. A doubleheader downtown with garden displays, live music, food tastings, and craft cocktails.
August 8 — Cycle to the Summit. The annual bicycle race up Pikes Peak. One of the most unique and challenging athletic events in the state.
August 14–16 — Pioneer Rodeo & Demolition Derby at Norris Penrose Event Center. PRCA rodeo action, concerts, and the crowd-favorite demolition derby.
August 20–22 — Colorado Springs Greek Festival. Authentic Greek cuisine, live music, dancing, and cultural exhibits at the Assumption of the Theotokos Greek Orthodox Church.
August 21–23 — Colorado Springs Comic Con at Broadmoor World Arena. Celebrity appearances, cosplay, and pop culture.
August 27–29 — Colorado Springs Tattoo Arts Festival at the Colorado Springs Event Center.

Infrastructure Milestones: Progress on the Ground

Several major infrastructure projects are reaching important milestones this month:

Airport Road & Powers Boulevard Diverging Diamond — The project is now fully complete and open. This major interchange improvement is dramatically improving traffic flow at one of the busiest intersections on the east side, benefiting commuters to Peterson Space Force Base and the entire Powers corridor. If you have driven through this area recently, you have likely noticed the difference.
I-25 Improvements (Fillmore to Garden of the Gods) — CDOT's work to add acceleration and deceleration lanes and reconstruct the bridge over Ellston Street is expected to complete by early fall 2026. This stretch serves daily commuters and visitors heading to the westside.
Tejon Street Revitalization — Phase 1 enhancements (Colorado Avenue to Kiowa Street) are now visible, featuring new granite crosswalks, fresh paving, and dozens of new plants. The downtown corridor is more walkable and inviting than ever.
Colorado Avenue Improvements (Old Colorado City) — Phase 1 of the test demonstration has been implemented for summer 2026. Full reconstruction and streetscape improvements are planned for 2027–2028, promising to enhance the historic district's walkability and charm.

Development Pipeline: What Is Coming

The long-term growth story of Colorado Springs continues to strengthen. Here are the key developments to track:

Banning Lewis Ranch Expansion — The 5,000-home expansion plan continues to move through the approval process. Parkland establishment could begin in 2027, with construction shortly after. This is the defining long-term development story on the east side. Buyers looking at new construction should watch this corridor closely.
OneVela Tower (Downtown) — The 27-story, 400-unit apartment tower approved for downtown remains on track for a construction start by year's end. At $225 million, it is one of the largest single development projects in the city's history and a signal of strong investor confidence in the urban core.
Draper Commons at Lowell (Phase Three) — Construction continues on 200 middle-class and mixed-income apartments downtown, serving households earning 80% to 120% of Area Median Income.
Fort Carson Expansion — The base is preparing for a major expansion expected to add approximately 13,000 military and civilian personnel plus an estimated 18,000 family members. This is already driving housing demand in the south and southwest corridors, and the effect will only grow.
Arrowleaf Senior Housing — A new affordable senior housing project on the southeast side will add 110 apartments and a new senior center. A significant addition for older adults looking to downsize while staying in the Colorado Springs community.
Prop 123 Affordable Housing — Governor Polis selected a Colorado Springs development for state affordable housing funding in June 2026, continuing state-level support for housing initiatives in the region.

Neighborhood Pulse Check: Late July 2026

Here is the latest on what different areas of Colorado Springs are experiencing:

Far East Side (Banning Lewis Ranch, Powers corridor): The 5,000-home expansion plan continues to make this the primary growth corridor. New construction buyers should be watching closely for upcoming phases and builder incentives. The Airport Road / Powers diverging diamond is now open, making commutes easier.
Northeast (Briargate, Cordera, Wolf Ranch): Steady demand driven by Academy District 20 schools. Cordera moves toward its final phases. The $42.7 million grant to rebuild Douglass Elementary strengthens the district's already strong reputation.
South/Southwest (Fountain, Security, Fort Carson area): The Fort Carson expansion is the primary story. Growing demand from military families supports stable property values and strong rental demand. For investors, this corridor offers compelling opportunities.
Monument / Northgate: Lewis-Palmer District 38 continues to be a top draw. The Maverick apartment project (300 units) is adding rental options. Forest Lakes remains a popular newer community. Premium pricing reflects the school quality and mountain views.
Westside / Old Colorado City / Manitou: Colorado Avenue improvements and ongoing walkability upgrades keep this area desirable. Limited inventory means homes here continue to attract strong interest when they come to market.
Downtown / Central: Tejon Street revitalization, Draper Commons construction, and the upcoming OneVela Tower signal continued investment in the urban core. The mix of new apartments and historic homes offers options at different price points.
Falcon / Peyton: Wolf Ranch and Parcheron remain active with newer construction at competitive prices. This corridor offers excellent value for buyers who want modern homes without the higher price tags of the north end.

What This Means for Buyers and Sellers Right Now

If you are buying: The late summer market in Colorado Springs typically sees a second wave of inventory as families who did not move over the summer list before the holidays. With stable prices, rising inventory, and a more measured pace of sales, conditions are favorable for buyers who are prepared and pre-approved. The 43% price-adjustment rate means there are opportunities for well-prepared buyers to negotiate. The major developments on the horizon — Banning Lewis Ranch, Fort Carson growth, OneVela Tower — all point to a city investing in its future. Buying now means getting in before the next wave of growth.

If you are selling: Pricing correctly from day one has never been more important. With 43% of listings carrying price reductions, the market is telling us that homes priced at market value from the start are the ones that sell. The Fort Carson expansion is a strong signal that demand in the south corridor is about to increase significantly. If you are thinking about selling this fall, now is the time to start preparing — decluttering, making minor repairs, and planning your marketing strategy.

If you are investing: The rental market outlook remains positive, especially in the Fort Carson corridor where occupancy is projected around 94% through 2026. Southwest El Paso County has shown positive rent growth, and the personnel increase at Fort Carson will add upward pressure on rental demand. The east side growth corridor also presents compelling long-term appreciation potential.

Whether you are buying, selling, or just curious about where the market is headed, 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 July 2026: Colorado Springs Market Update, August Events & Community News