More good news came out for the Colorado Springs Housing market this week. According to a report published in The Gazette, the median price for Colorado Springs homes rose 3% from the same period a year earlier.
The report also shows the 16 straight month of increased sales when data is compared year-over-year. The number of home sold in the most recent period is 17% higher than the same period in 2012.
The entire article and report is worth a read and shows that the real estate recovery is not isolated to only the Denver homes market.
From the Gazette:
Single-family home sales totaled 929 in October, a 17 percent increase over the same month last year, the report showed. Sales have risen for 16 straight months on a year-over-year basis.
Through the first 10 months of 2013, single-family home sales totaled 9,398, up 22 percent from the same period last year.
Three out of every four homes that were sold in October were priced at $300,000 or less, continuing a trend over many months in which lower-priced homes drove buying and selling activity. Higher-end homes – $400,000 and up – accounted for 10.5 percent of sales last month, compared with 9.8 percent in the same month last year.
The median price – or mid-point – of homes that sold last month climbed 3 percent to $218,000 when compared with prices of homes sold in October 2012. Prices have risen for each of the last 20 months.