Colorado Springs is the hottest market in the U.S. ... again

[James Carlson]

Realtor.com just listed Colorado Springs as the hottest market in the United States ... for the third consecutive month. We're certainly feeling it as agents. Erin and I are seeing our buyers compete against multiple offers on most homes right now, and we're digging deep into our bag of tricks to make our offers stand out put the best face forward for our clients. What are others seeing out there?

The Realtor.com list is based on two factors: 1. Market demand as measured by page views per property; and 2. The pace of the market as measured by the number of days a listing remains active. (Or we should say the low number of days a listing remains active.)

I certainly understand it. There's a spillover effect from the higher priced Denver, and the city itself is beautiful. Plus, there's some good downtown development going on especially on the south and west sides of downtown. New restaurants (mostly Denver-based establishments, which I have to point out as a Denver snob now living in Colorado Springs), a sports venue, higher end apartments. 

I'm sure this is not great news for those looking to buy, but if you're buying with the long-term in mind, you want to see this. There's no midwestern price-stagnation here. You might pay a lot, but we're seeing appreciation for years to come as well.