COLORADO SPRINGS – Colorado Springs is at the top of yet another national list, and this one might be good news for homeowners looking to sell.
Trulia released its list of “top housing markets to watch in 2019” on Thursday, and Colorado Springs was at the top of the rankings. Trulia cited Colorado Springs’ employment growth and its population of people under the age of 35 as the main reasons why it topped the list.
The rankings combined several factors into their rankings:
- Job growth (Colorado Springs ranked 8th)
- Vacancy rate (Colorado Springs ranked 35th)
- Share on income needed to afford a median-priced starter home (Colorado Springs ranked 63rd)
- Ratio of inbound to outbound searches (Colorado Springs ranked 17th)
- Share of population under the age of 35 (Colorado Springs ranked 8th)
Those rankings gave Colorado Springs an overall average score of 26.2, which was the lowest average among the 100 cities considered for the list.
Trulia also notes that many of the markets featured near the top of its rankings were located near metropolitan areas that had higher costs of living, like Denver.
Within Colorado Springs, the real estate listing website identified the southeast area of Colorado Springs as its hottest neighborhood to watch in the city.
Trulia classifies that region as south of Platte and east of Circle and E. Las Vegas Street to the airport. Why there? Trulia said it based that ranking on local price appreciation and how long homes are typically listed in that location. The southeast part of the city ranked first within Colorado Springs for the fewest number of days listed on the market and the increase in a home’s value compared to previous years.
Trulia’s full top ten:
- Colorado Springs, Colorado
- Grand Rapids, Michigan
- Jacksonville, Florida
- Bakersfield, California
- Austin, Texas
- Fresno, California
- Phoenix, Arizona
- Columbia, South Carolina
- El Paso, Texas
- Oklahoma City, Oklahoma