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  1039.56
1st Quarter, 2018 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 1st Quarter of 2019 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 1st Quarter of
2019 than they were in the 1st Quarter of 2018. Check this page each quarter
for updates to the Colorado Springs Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Colorado Springs housing market for the 3
years ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Colorado Springs is 76%. In other words, when tested against
historical data, the forecasting methodology was correct 76% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Colorado Springs is 76% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 1st Quarter of 2021 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Colorado Springs Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Colorado Springs, Colorado


Historical Home Price Appreciation
Last Quarter                                     4.41%
Last Year . . . . . . . . . . . . . . . . . . . .  11.6%
Last 5 Years                                     41%
Last 10 Years . . . . . . . . . . . . . . . . . 30%
Last 20 Years                                   102%



Annual Home Price Appreciation Rates
1988      -1.85%
1989      0.43%
1990      0.26%
1991      4.34%
1992      6.88%
1993      10.29%
1994      9.33%
1995      7.21%
1996      5.76%
1997      4.55%
1998      4.48%
1999      4.26%
2000      7.22%
2001      8.49%
2002      4.59%
2003      2.51%
2004      5.72%
2005      7.04%
2006      3.20%
2007      -0.68%
2008      -2.78%
2009      -2.63%
2010      -1.47%
2011      -2.69%
2012      1.04%
2013      2.91%
2014      4.22%
2015      6.65%
2016      7.83%
2017      10.21%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.41%         Rank: 18 of 381 (95th Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.6%          Rank: 16 of 381 (96th Percentile)
Last 5 Years                              41%            Rank: 84 of 381 (78th Percentile)
Last 10 Years  . . . . . . . . . . . .   30%            Rank: 26 of 381 (93rd Percentile)
Last 20 Years                            102%          Rank: 118 of 379 (69th Percentile)


The change in home prices for Colorado Springs, CO are shown above for five
time periods. For example: Colorado Springs appreciated 4.41% in the Last
Quarter. At that rate, the Colorado Springs Real Estate Market was ranked 18th
out of 381 metropolitan Real Estate Markets. Colorado Springs was in the 95th
percentile. So Colorado Springs, CO performed better in the Last Quarter than
95% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Colorado Springs, Colorado

The all time high in the Colorado Springs Home Price Index was 239.0 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the Colorado Springs
Market is up 30% over the last 10 years. Home prices in the Colorado Springs
Real Estate Market have gained 11.65% over the last 12 months. Over the last
thirty years, it is up 228%.

The 1st Quarter index value was 10.10 points higher than the 4th Quarter,
2017 index value of 228.92, resulting in a 4.41% rise in the 1st Quarter for the
Colorado Springs Market.

The Colorado Springs Home Price Index has increased for the last 13
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 27 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Tallahassee, FL; Syracuse,
NY; Sioux City, IA; Shreveport, LA and Peoria, 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
1st Quarter, 2018 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 1st Quarter of 2018, Colorado Springs Home Prices had a rank of
18, with appreciation of 4.41%. The top performing real estate market during
the 1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market
during that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Colorado Springs Home Prices had a rank of 16,
with appreciation during the year of 11.65%. The top performing market during
the last year was Boise City, ID, with an increase of 15.3%. The worst real
estate market during that period was Farmington, NM, with appreciation of
-6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Colorado Springs Home
Prices ranked 84, with a total appreciation of 40.6%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
90%. The worst market during that period was Farmington, NM, with
appreciation of -4%.
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 1st Quarter of 2018, Colorado Springs Home
Prices had a rank of 26, with appreciation during the decade of 30%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Colorado Springs Home
Prices had a rank of 118, with total growth over the 20 year period of 102%.
The top performing real estate market during the period was San Francisco,
CA, with an increase of 282%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

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 Wednesday, June 13, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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