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2023 FORECAST: Colorado home values ​​to increase in 14 markets, decline in two

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It’s no secret to America’s homeowners – property value forecasts have been all over the place in recent months.

One place the tumultuous nature of this market has been put on display is on real estate website Zillow, where nationwide year-over-year growth in February was predicted to be 17.8 percent by February 2023. That number has since been downgraded several times, including to 7.8 percent year-over-year growth in a July report, further dropping to 1.2 percent year-over-year growth in a September report.

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Now, the company is predicting 1.4 percent year-over-year growth by the end of September 2023 on a national scale, but that number varies wildly by market. While some metro areas, like those of Spokane and Knoxville, are expected to see growth above five percent during that time frame, other places are expected to see home value decline.

When it comes to Colorado, here’s a look at what homeowners might expect their home value to do by the end of September 2023. This data is organized based on forecasts for the full metro area and is ordered by population.

1. Denver: +1%

2. Colorado Springs: +2.3%

3. Fort Collins: +1%

4. Boulder: -1%

5. Pueblo: +5.3%

6. Grand Junction: +2.8%

7. Glenwood Springs: +0.6%

8. Durango: +2.2%

9. Edwards: +4.7%

10. Montrose: +3.4%

11. Cañon City: +4%

12. Breckenridge: +4.1%

13. Fort Morgan: +2.5%

14. Steamboat Springs: +1.5%

15. Sterling: +1.1%

16. Craig: -2%

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