Colorado Appraisal Blog

Pikes Peak Area Residential Real Estate Market Statistics thru March 2020
April 21st, 2020 4:23 PM

CAA has collected data from the Pikes Peak MLS and other sources and created various graphs to help us (and you) understand the residential real estate market conditions and trends in the Colorado Springs area market. Please subscribe to the Blog and you will automatically get notified when we update it monthly with new data.

The following charts and graphs represent the Pikes Peak area housing market statistics through March 31, 2020. It should be noted that the current data still shows a stable market with increasing prices going into the spring months. However, there is a change on the horizon with the effects of the Coronavirus on the Pikes Peak real estate market. The World Health Organization declared the rapidly spreading Coronavirus (Covid-19) a pandemic on March 11, stating that the virus is likely to spread to all countries on the globe. Covid-19 started to affect the Pikes Peak area in March with the first case in El Paso County on March 6, 2020. With cases throughout Colorado continuing to increase, Colorado Governor Jared Polis issued a “Stay at Home” order, taking effect on Thursday, March 26th, with only essential services still operating throughout Colorado. This situation paints a picture of a rapidly changing real estate market in many areas throughout the United States. However, it’s too early to tell exactly how this situation will affect this area. As soon as statistics for April become available, we will post results and try to analyze the new data. Please stay tuned.

PPMLS Market Stats Graphs 2003.pdf

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Posted by Bruce Bugno on April 21st, 2020 4:23 PMPost a Comment

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