Colorado home sales plunge in October, clouding 2027 outlook
Data: Colorado Association of Realtors ; Chart: John Frank/Axios Colorado's housing market took a nosedive in October, with cautious buyers contributing to a sharp decline in sales and more seller concessions. Why it matters: High housing and financing costs are forcing sellers to lower prices, sidelining buyers and keeping homeowners stuck in place. State of play: Colorado recorded 6,079 home sales in October, down 19% from a year earlier, while pending contracts dropped 17%, according to the latest Colorado Association of Realtors report. The statewide median sale price slipped 1% to $545,000, offering little relief for buyers. New listings fell 8.9% and active inventory was down 2.4% to 33,455 properties. Reality check: Home sales typically slow this time of year. Yes, but: October's decline was far steeper than the average 4.2% drop through the first 10 months of 2026, underscoring the market's weakening momentum heading into the new year. What they're saying: "Many sellers continue to put greed in front of logic and buyers continue to put personal finances in front of home purchases. In the middle is an entire industry getting iced out of what was once a very busy market," said Colorado Springs-area real estate agent Patrick Muldoon.
