Thursday, September 26, 2013

Asking rents up in Colorado Springs and metro Denver in August

According to Trulia's price and rent monitor, Trulia's index for asking rents was up 1.1 percent in Colorado Springs and 6.1 percent in metro Denver, measured year over year from August 2012 to August 2013.

Also, from August 2012 to August 2013, the asking price for homes increased, year over year, 2.4 percent in Colorado Springs and 11.8 percent in metro Denver.

The differences in these increases likely reflect the differences in overall economic activity in metro Denver and Colorado Springs. metro Denver has shown a more robust recovery in the job market than Colorado Springs, and metro Denver appears to support more demand for real estate overall.