As of August 2024, the months of supply for single-family homes in Colorado Springs is 3.1 months. While this is an increase from 2.3 months in August 2023, it still falls short of the six-month supply typically considered indicative of a balanced market. This suggests that while the market is moving towards balance, it still slightly favors sellers. However, the trend towards increased supply is a positive sign for buyers, potentially leading to more negotiating power and less competition for available homes.