Tuesday, October 9, 2012

Trulia: Asking rents up in Denver and Colo. Springs, but growth rates decline from August rates

According to a report released last week by Trulia, the asking rent in Denver during September 2012 was up 9.0 percent from September 2011. Trulia listed Denver among the metros with the largest increases in asking rents. The asking rent was up year over year by 9.9 percent during August.

Colorado Springs was also included in the report and, according to Trulia, year-over-year asking rents were up 4.5 percent in Colorado Springs during September 2012. Asking rents were up 6.9 percent, year over year, during August 2012.

Our own survey shows increases in rent also, although our data, which is based on actual rents collected via survey, shows smaller increases, year over year.

Trulia also reported that asking prices for homes were also up in Colorado Springs and Denver metro, with asking prices up year over year during September by 1.2 percent in Colorado Springs and 8.7 percent in metro Denver. During August 2012, the year over year changes were 4.3 percent and 8.9 percent, respectively.

Growth in all areas decreased from August to September.

See our home price archive for more complete info.

Based on asking rents and asking prices, this data shows some pretty large increases. Actual prices and rents increased in other data, but, as expected, by smaller amounts.