Existing home sales across the U.S. continued to recover in the first quarter of 2011.  Forty-nine states showed gains from the previous quarter in 2010 and 22 percent of metropolitan areas saw prices rise from a year ago, according to a survey by the National Association of Realtors®.

Colorado Home Sales increased 5.6 percent in the first quarter, up from the end of last year, but overall they were down 8.15 percent year over year.

Denver metro area home prices remained nearly flat, year over year, showing a slight decline of .4 percent; with an average sales price of $223,800 in the first quarter of 2011 compared to 224,800,the year before.

In the Colorado Springs area the median sales price of existing apartment, condo, co-ops also nearly remained the same with a small decline of .2 percent, year over year, from $128,700 in the 1^st quarter of 2010 to $128,400 in 2011.

Read the full report at National Association of Realtors®.

photo credit: Kim Novak, RE/MAX Masters

Posted in Real Estate Market Conditions, Headlines

Comment on this article

Name

Email
Your email address will not be displayed.

Site/Url
Your URL will be displayed.

Your vote

Poor Excellent

Comment text

Options

  Line breaks become <br />

  Remember me

  Allow users to contact you through a message form.

Captcha

Please enter the characters from the image above. (case insensitive)

Captcha code