The improving Colorado Springs-area housing market showed no signs of slowing last month, as home sales soared and prices jumped to their highest levels in six years and people are selling their homes fast.
Local single-family home sales totaled 1,104 in June, a 30.5 percent increase over the same month last year and the highest number of home sales for any June since 2007, according to a report by the Pikes Peak Association of Realtors.
For the first half of 2013, single-family home sales totaled 5,336, a 25.1 percent increase over the same period last year, the association’s report said. It was the market’s best first-half performance in terms of sales since 2006.
Of homes that sold last month, the median – or mid-point – of all sale prices was $225,000, a 6.5 percent year-over-year increase and the highest median price for any month since $227,000 in July 2007.