Real Estate Downturn in Early 2020 As the COVID-19 pandemic caused the economy to come to a screeching halt, so too did the real estate industry. In Colorado, home values fell one percent in April, the number of listings dropped by over 35 percent temporarily, and sales were down 23 percent, according to the Colorado Association of Realtors. However, prices were up five percent compared to April 2019. Mountain town