Home sales and prices rise again in Colorado Springs

Colorado Springs-area home sales and prices rose at a healthy clip in July, but stopped short of the record-setting pace from the previous two months, a report by the Pikes Peak Association of Realtors shows. Home sales totaled 1,485 in July, a nearly 9 percent increase over the same month last year, according to the association’s report. Nearly all of the sales in the report were existing homes, with a handful of newer houses. Sales now have climbed for 24 straight months on a year-over-year-basis. July’s sales total also was the third highest on record for any month, trailing only records set in May and June of this year. Meanwhile, the median price of homes that were sold in July rose to $257,500, a 6 percent increase over the same month last year. Median prices have risen for 20 consecutive months on a year-over-year basis; prices reached a record high of $262,500 in June.

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