Monday, December 23, 2013

Trulia: Asking rents down again in Colorado Springs and up in metro Denver

November 2013 showed a decrease in asking rents for rental housing in Colorado Springs, dropping by 0.2 percent, year over year. October 2013 showed a similar YOY decline in asking rents. in metro Denver, asking prices rose 5.6 percent, year over year (from November 2012 to November 2013.)

Measuring the year over year change in asking prices for for-sale homes, Trulia reports that asking prices increased 9.4 percent in metro Denver and 5.0 percent in Colorado Springs. In this case, we find that the YOY increase in the metro Denver asking price has moderated from earlier in 2013 when some YOY increases topped 12 percent.

Compared to national growth in asking rents and asking prices, we find that when compared year over year, metro Denver exceeds the national rate in asking rents, and lags in asking prices. Colorado Springs lags in both areas, when compared top the national growth rate.