January 24, 2014

Local home sales at an all-time high

After several years in the doldrums, 2013 residential home sales in Northern Colorado broke out in a big way, setting all-time record levels for homes sold, average price and total volume.
The table compares 2013 sales with 2012. The 10,923 closed sales represent a 17.4 percent increase over the previous year. The average selling price of $254,509 was a 7.1 percent increase, and the total volume of $2.78 billion is a huge 25.8 percent increase.

All three areas were fairly close, with double-digit sales increases. It is good to note that this was done without a double-digit increase…

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