Colorado Springs Home Equity Growth: 4Q’24 Market Update 🏡

🏡 The latest numbers are in! (I've been checking and waiting impatiently, I might add) If you’ve been wondering how home values in Colorado Springs are holding up, the most recent 4Q’24 appreciation data reveals key insights into our housing market.

158.8% Growth Since 2004 📈

Over the last two decades, homes in Colorado Springs have seen an impressive 158.8% increase in value. This long-term appreciation trend continues to reinforce our city’s strong real estate market, making homeownership here a solid investment.

4Q’24 Update: A Seasonal Dip

The most recent quarterly data reflects a -1.07% decrease in home appreciation during the fourth quarter of 2024. While this might seem concerning at first glance, it’s important to recognize that seasonal slowdowns are normal, especially as winter months tend to cool off the market.

Here’s how appreciation looked throughout 2024:
✅ 1Q’24: -0.78%
✅ 2Q’24: +1.14%
✅ 3Q’24: +1.12%
✅ 4Q’24: -1.07%

What does this mean? Despite a slight dip at the end of the year, appreciation remained positive overall for 2024, with strong performance in the spring and summer months.

The Big Picture: Steady Long-Term Growth

The average annual appreciation rate in Colorado Springs continues to hold at 5.6%, showing that despite short-term fluctuations, real estate in our city remains a strong wealth-building tool.

💡 Key Takeaways for Homeowners & Buyers:

• Sellers: If you're thinking about listing, timing matters. Spring and summer months typically offer the highest appreciation.
• Buyers: A winter slowdown can present opportunities to negotiate before the market heats up again in Q2.
• Investors: With nearly 160% home value growth since 2004, Colorado Springs real estate remains a solid long-term investment.

Thinking About Buying or Selling?

Whether you’re considering a move or want to know how much equity you’ve built in your home, I’m here to help. Let’s chat about your real estate goals and what these market trends mean for you!

📩 Contact me today!

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📞 Call or Text: 719-922-0102