Colorado Springs homes appreciate 8.2%

Colorado Springs home prices climbed 8.2 percent year-over-year in April, according to analysis firm CoreLogic .

They rose 2.1 percent from March to April. Excluding the distressed sales, short sales and bank-owned properties, sales prices climbed 7.1 percent year-over-year.

86498301The sales price increases are good news for the rebounding real estate industry. While the figures in Colorado Springs are strong, they trail the national average, where home sales prices increased 12.1 percent year-over-year.

Nationally, April saw the biggest year-over-year home price increase since February 2006, according to the report. However, the national home price index is still 22.4 percent below its 2006 peak.

Home prices climbed 3.2 percent nationally from March to April.

The five states with the biggest home price appreciation were Nevada (24.6 percent), California (19.4 percent), Arizona (17.3 percent), Hawaii (17 percent) and Oregon (15.5 percent).

“The pace of the housing market recovery quickened in April as home prices rose across the U.S.,” said Anand Nallathambi, president and CEO of CoreLogic. “For the second consecutive month, all 50 states registered year-over-year home price gains excluding sales of distressed homes. We expect this trend to continue, bolstered by tight supplies and pent up buyer demand.”