Colorado Springs, CO - House Price Index (HPI)
Colorado Springs Real Estate Market Forecast
The House Price Index (HPI) shows changes in Colorado Springs, CO single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Colorado Springs Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27661
3rd Quarter, 2017 Housing Statistics: Colorado Springs, Colorado


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Colorado Springs housing market for
the 12 months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the
Trend Projection for Colorado Springs is 81%. In other words, when tested
against historical data, the forecasting methodology was correct 81% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in Colorado Springs is 81% during this period. If this Housing
Market Forecast is correct, home prices will be higher in the 3rd Quarter of
2018 than they were in the 3rd Quarter of 2017. Check this page each quarter
for updates to the Colorado Springs Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Colorado Springs housing market for the 3
years ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Colorado Springs is 75%. In other words, when tested against
historical data, the forecasting methodology was correct 75% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Colorado Springs is 75% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 3rd Quarter of 2020 than
they were in the 3rd Quarter of 2017. Check this page each quarter for updates
to the Colorado Springs Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Colorado Springs, Colorado


Historical Home Price Appreciation
Last Quarter                                     1.71%
Last Year . . . . . . . . . . . . . . . . . . . .  10.2%
Last 5 Years                                     36%
Last 10 Years . . . . . . . . . . . . . . . . . 23%
Last 20 Years                                   96%



Annual Home Price Appreciation Rates
1987      -1.96%
1988      -1.91%
1989      0.47%
1990      0.23%
1991      4.34%
1992      6.90%
1993      10.30%
1994      9.35%
1995      7.15%
1996      5.83%
1997      4.53%
1998      4.46%
1999      4.26%
2000      7.25%
2001      8.48%
2002      4.58%
2003      2.53%
2004      5.69%
2005      7.06%
2006      3.21%
2007      -0.69%
2008      -2.73%
2009      -2.68%
2010      -1.46%
2011      -2.69%
2012      1.07%
2013      2.85%
2014      4.28%
2015      6.63%
2016      8.02%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.71%         Rank: 168 of 381 (56th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.2%          Rank: 37 of 381 (90th Percentile)
Last 5 Years                              36%            Rank: 92 of 381 (76th Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 49 of 381 (87th Percentile)
Last 20 Years                            96%            Rank: 134 of 379 (64th Percentile)


The change in home prices for Colorado Springs, CO are shown above for five
time periods. For example: Colorado Springs appreciated 1.71% in the Last
Quarter. At that rate, the Colorado Springs Real Estate Market was ranked
168th out of 381 metropolitan Real Estate Markets. Colorado Springs was in the
56th percentile. So Colorado Springs, CO performed better in the Last Quarter
than 56% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Colorado Springs, Colorado

The all time high in the Colorado Springs Home Price Index was 226.1 in the 3rd
Quarter, of 2017.  The Home Price Index indicates that the Colorado Springs
Market is up 23% over the last 10 years. Home prices in the Colorado Springs
Real Estate Market have gained 10.22% over the last 12 months. Over the last
thirty years, it is up 211%.

The 3rd Quarter index value was 3.81 points higher than the 2nd Quarter, 2017
index value of 222.33, resulting in a 1.71% rise in the 3rd Quarter for the
Colorado Springs Market.

The Colorado Springs Home Price Index has increased for the last 11
consecutive quarters. The current record holders for consecutive increases in
the Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 25 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Carbondale, IL, with declines in
the last 3 consecutive quarters.

The highest annual change in the value of houses in the Colorado Springs Real
Estate Market was 22% in the twelve months ended with the 2nd Quarter of
1982. The worst annual change in home values  in the Colorado Springs
Market was -8% in the twelve months ended with the 4th Quarter of 1983.

The highest growth in home values in the Colorado Springs Real Estate Market
over a three year period was 30% in the three years ended with the 1st Quarter
of 1996. The worst performance over a three year period in the Colorado
Springs Market was -9% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Colorado Springs Home Price
Index (above). For information about Colorado home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Colorado Springs
Home Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Colorado Springs Market. The terms House Price Index and Home Price
Index, as used in this site, refer to the Federal Housing Finance Agency (FHFA)
House Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Colorado Springs Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2017 Housing Data: Colorado Springs, Colorado

The trend of Colorado Springs Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 3rd Quarter of 2017, Colorado Springs Home Prices had a rank of
168, with appreciation of 1.71%. The top performing real estate market during
the 3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market
during that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Colorado Springs Home Prices had a rank of 37,
with appreciation during the year of 10.22%. The top performing market during
the last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Colorado Springs Home
Prices ranked 92, with a total appreciation of 35.8%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
95%. The worst market during that period was Lawton, OK, with appreciation of
-7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Colorado Springs Home
Prices had a rank of 49, with appreciation during the decade of 23%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Colorado Springs Home
Prices had a rank of 134, with total growth over the 20 year period of 96%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 283%. The worst market during the last 20 years was
Mansfield, OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Colorado Springs Real
Estate Market is available back to the 2nd Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Colorado Springs.
Real estate appreciation figures represent total net increase or decrease over
each time period. (Unless specifically stated, the figures do not represent
annual or quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Friday, December 15, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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