Colorado Appraisal Blog

Pikes Peak Area Residential Real Estate Market Statistics thru May 2020
July 4th, 2020 8:09 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 May 31, 2020. It should be noted that the current data still shows a stable market with increasing prices going into the summer months. However, there could be 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 with the past “Stay at Home” order and most recently a “Safer at Home” order to combat the transfer of the illness. 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 June become available, we will post results and try to analyze the new data. Please stay tuned.

PPMLS Market Stats Graphs 2005.pdf

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Posted by Bruce Bugno on July 4th, 2020 8:09 PMPost a Comment

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