Monday, November 25, 2013

Trulia: asking rents down in Colo. Springs, up in metro Denver

According to the Trulia price monitor and rent monitor, the asking rent for rental housing was down 0.1 percent in Colorado Springs, from October 2012 to October 2013, but it rose 4.7 percent in metro Denver during the same period.

From October 2012 to October 2013, the Trulia index for asking prices in for-sale housing rose 10.0 percent in metro Denver and rose 4.6 percent in Colorado Springs.

As we've seen for the past several month, the real estate economy is stronger in metro Denver than in Colorado Springs, and these numbers appear to reflect that.

The national indices for asking rents and asking prices, as reported by Trulia, showed a 11.7 percent increase in asking prices, when measured year over year from October 2012 to October 2013. Asking rents rose over the same period by 2.7 percent. So Colorado Springs lags both metro Denver and the nation overall in asking rents and asking prices.