Colorado Springs tops new study in housing markets to watch

A new ranking by Trulia says that Colorado Springs could be the top housing market in 2019.

A yearly report done by the online real estate service ranks Colorado Springs as the potential top growing market in 2019. That ranking indicates sales and prices could continue to rise.

One homeowner, Ann Marie Jackson said, “It’s exciting. It means the community is growing and it will only increase our own property values that we have.”

Kenny Hoffman disagreed, saying, “That is not good because a $500,000 home here in a different state in certain places could be considerably less expensive.”

The ranking of this chart was based on five different areas. Those areas were, job growth over the past year, vacancy rates, good starter home affordability, more inbound than outbound home searches on Trulia and a large share of the adult population under the age of 35.

Cindy Bullis, who bought her home out of foreclosure back in 2010 for $280,000, said today her home is listed at $566,000.

“If we are selling and moving it’s a good thing, but we are planning on living here forever so it doesn’t make any difference,” said Bullis.

As of right now, the average home price in Colorado Springs is more than $280,000, and homes here have seen nearly a 10 percent increase in value since last year.

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