Colorado Springs home prices increased 6.8 percent year-over-year in February, including distressed sales.
CoreLogic, a real estate analyses firm released its price index for Colorado Springs and the country today.
While a 6.8 percent increase in the Colorado Springs home price index is significant, prices aren’t rising as dramatically in Colorado Springs as they are nationally.
The national home price index surged 10.2 percent including distressed properties. That was the biggest year-over-year increase since March 2006 and the 12th consecutive monthly increase.
The biggest home price index increases were in the Western states, according to CoreLogic.
The five states with biggest appreciation were Nevada (19.3 percent), Arizona (18.6 percent), California (15.3 percent), Hawaii (14.6 percent) and Idaho (13.5 percent).
Three states saw home price depreciation in February – Delaware, Alabama and Illinois.