Homes sale values rise 1% nationally, 4% in Loveland – Ft Collins, and 6% in Greeley.
Home prices continue upward trend regionally
Home prices in Northern Colorado continued their upward trend in April, according to the latest data from CoreLogic.
Home prices, including distressed sales, increased in both the Fort Collins-Loveland metropolitan statistical area and in Greeley in April.
In Fort Collins and Loveland, home prices increased by 4.5 percent. In Greeley, home prices increased by 6.2 percent.
In Colorado as a whole, home prices including distressed sales increased slightly from April 2011, up by 4.2 percent, according to the report.
Nationally, home prices increased by 1.1 percent year-over-year in April.
“Excluding distressed sales, home prices in March and April are improving at a rate not seen since late 2006,” Mark Fleming, chief economist for CoreLogic, said of the national numbers. “The supply of homes in current inventory is down to 6.5 months, a level not seen in more than five years, in part driven by the ‘locked in’ position of so many homeowners in negative equity.”