Residential sales volume tops $1.5 billion in Northern Colorado

Residential sales volume in three metropolitan areas in Northern Colorado has exceeded $1.5 billion year-to-date, according to data from Information and Real Estate Services.

From January to October 2013, more than $1.56 billion in residential real estate has changed hands, a 26 percent increase from the $1.23 billion sold at this point in 2012.

In individual markets, the largest increase was seen in the Greeley market, which saw a 46.5 percent increase from $174 million to $255 million.

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Sales volumes in Loveland increased by 25.9 percent and in Fort Collins by 21 percent.

Residential sales in Northern Colorado have increased significantly in 2013, with more homes selling at higher dollar amounts. Homes are also on the market for shorter periods of time, with the average number of days on market decreasing from 106 to 86 year-over-year across the region.

Changes in median sales price in October were less dramatic than previous months, with the price in Greeley staying flat at $165,000.

In Fort Collins, the median home price increased by 4.5 percent to $256,000. Loveland saw the greatest price increase, by 10.9 percent to $260,000.