Metro Denver’s housing market saw sales slide and prices continue to rise last year, and that pattern dominated across much of the state, according to a monthly update from the Colorado Association of Realtors.<\/p>\n
Colorado Springs and El Paso County, the next biggest housing market after metro Denver, suffered a 5.5-percent drop in single-family sales and an 8.6-percent decline in condo and townhome sales last year compared to 2017, according to the CAR report.<\/p>\n
That proved a little more severe than the 3.6-percent decline in single-family home sales and the 4.8-percent decline in condo sales metro Denver recorded, according to a separate report from the Denver Metro Association of Realtors.<\/p>\n
Despite the drop in sales, the median price of a single-family home sold last year in El Paso County rose 9.8 percent, hitting the $300,000 mark in December. The median price of a condo rose 12.3 percent on the year to $215,000.<\/p>\n
“2018 proved to be a very difficult year for the industry,” said Colorado Springs Realtor Patrick Muldoon in comments accompanying the report. “Many of us found it to be frustrating to figure out how buyers’ and sellers’ moods were swinging at any given time.”<\/p>\n
Read the full story on The Denver Post website, click here.<\/a><\/p>\n