Monday, January 27, 2014

Trulia: asking rents down in Colorado Springs, but accelerate upward in metro Denver

According to the Trulia price monitor and rent monitor, metro Denver continued to show sizable increases in both asking rents and asking prices for housing. The asking rent in metro Denver increased 7.6 percent from December 2012 to December 2013, and the asking price for for-sale housing increased 10.8 percent over the same period. This is one of the largest increases in the asking rent in several months.

In Colorado Springs, on the other hand, growth was less robust with the asking price increasing 5.3 percent, when measured from December 2012 to December 2013. The asking rent decreased during the same period dropping 0.6 percent, which was one of the larger declines seen in Colorado in several months.

Colorado Springs lagged the nation in both asking rents and asking prices for the period from December 2012 to December 2013. According to the Trulia index, the asking rent rose 3.0 percent nationally while the asking price rose 11.9 percent.