Denver Post: Colorado Home Prices Record-Setting and Widespread

A study shows that record-breaking listings prices and low inventory aren’t just happening in the Denver metro area, and in fact, the opposite is true: Resort towns and other larger Colorado cities are showing the same if not more price gains. This includes cities like Colorado Springs, Pueblo, and cities in Mesa County and the Western Slope. Headwaters Economics, a research firm from Montana, conducted the study, which showed that Colorado is one of eight where half or more of the ZIP codes have measured double-digit gains in the 12 months through July on the Zillow Home Value Index.  “Our market has changed and there is no road map for this. We are flying by the seat of our pants,” said Dana Cottrell, CAR spokesperson from Summit County. CAR spokesperson Patrick Muldoon of Colorado Springs has also seen the increase first-hand. “Our biggest driving factor in Colorado Springs is we have a complete lack of inventory. Every single month we seem to be breaking records from months before and years before.”

Study from Headwaters Economics
https://www.denverpost.com/2021/10/11/colorado-home-price-appreciation/