The Federal Housing Finance Agency (www.fhfa.org) collects information on home purchases within Metropolitan Statistical Areas (MSA) to track the change in home values over time.
In 2021, Colorado Springs ranked #36 out of the top 100 MSAs for increase in home values over the year.
The last quarter of 2021 shows a 1.3% rise in house prices over the third quarter, with an overall 18.1% rise over the last year. The national average, in comparison, shows a 17.5% rise in house prices over that same year.
Looking over the years of 2001 through 2021, Colorado home values have appreciated by 177.3%! All four quarters of 2021 showed a positive increase in value, as you can see in the chart below. Since 1992, appreciation of home values in the city has averaged 5.9% annually.
The housing market is still very hot and very competitive. If you are interested in buying or selling, contact us for expert service in the Colorado Springs market.