Colorado Springs house prices have gone up recently: See How Much

COLORADO SPRINGS, CO – The rise in home prices showed no signs of slowing in most of the country in early 2021.

According to the CoreLogic Case-Shiller Index, one of the leading trackers in the housing market, prices rose 2.52 percent in the Colorado Springs CO Metropolitan Statistical Area from February through March. Prices have increased by 16.40 percent compared to March 2020.

Prices in the bottom third (less than $ 361,000) of the Colorado Springs, CO Metropolitan Statistical Area market – often referred to as starter homes – rose 18 percent year over year. The top third of the market (homes over $ 457,000) saw a 16 percent increase.

The number of homes in the market remains near historic lows, which has pushed prices higher. The strong demand for housing from millennials and the low interest rates have further tightened the market. The wood prices are also higher than normal, which has driven up the price of new buildings.

According to the CoreLogic Home Price Index, house prices rose 11.3 percent nationwide in March 2021 compared to March 2020. Home prices rose 2 percent in March compared to February 2021.

El Paso County is part of the Colorado Springs CO Metropolitan Statistical Area, a term the US Census Bureau uses to denote areas with strong economic ties. Many MSAs contain more than one county.

Editor’s Note: This post was automatically generated using an analysis of Case-Shiller index data from CoreLogic Inc. by The Associated Press. Please report bugs or other feedback to content@patch.com.

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