The Colorado rental market kept its summer momentum going strong in June 2026, with homes leasing quickly and tenants choosing to stay put more often than usual. In this update, Haley with Colorado Realty and Property Management walks through the leasing numbers landlords should be paying attention to, covering average time on market, renewal rates, and pricing strategy, along with what these trends mean for owners as we head deeper into peak leasing season.
- Average days on market fell to just 25 days
- Lease renewals remain solid at 74%
- Properties needed an average of 1.45 price reductions before leasing
- Tenant demand is strong, though competition among listings is still high
- Getting your pricing right from day one makes a real difference
Average Days on Market Falls to 25 Days
Properties leased in June spent an average of just 25 days on the market, the fastest turnaround we've seen in a while. With peak leasing season in full swing, tenant demand is holding strong, making now a great time to list your property.
Lease Renewals Holding Steady at 74%
Our lease renewal rate currently sits at 74%, a strong sign that tenants are choosing to stay rather than move on. Renewals are always welcome news since they cut down on turnover costs and vacancy periods for our clients.
Rental Price Adjustments and Pricing Strategy
Properties on the market are seeing an average of 1.45 price adjustments before landing a lease. It's common for owners to want to list above our suggested rate, but when a property isn't generating enough interest, adjusting the price helps bring in new prospective tenants and boost activity.
Why the Right Starting Price Makes All the Difference
Pricing a property correctly from the start doesn't just shorten time on market, it also tends to result in a better final rental rate compared to starting too high and adjusting down later. Demand continues to climb as we move through summer, but with a surplus of homes still available, competition among listings remains fierce. That's why presenting your home as a five-star property before it even hits the market is key to landing a five-star tenant.
Thinking About Property Management in Colorado Springs?
If you own rental property in the Colorado Springs area and want to make the most of this summer's leasing market, Colorado Realty and Property Management can help. Our team knows how to set the right price, prep your property for market, and bring in quality tenants who stick around. Reach out today for a free rental analysis and find out how we can help boost your returns while keeping vacancy time low.