Fort Collins home prices jump 7 percent

Gains in home prices throughout Northern Colorado in August outpaced the national average, offering further evidence of a steady housing recovery. The Standard & Poor’s/Case Shiller index reported Tuesday that national home prices increased 2% in August compared with the same month a year ago. That’s the third straight increase and a faster pace than in July. The average sales price of Fort Collins-area homes rose 7% compared to August last year, according to Dave Pettigrew of Prudential Rocky Mountain Realtors in Fort Collins. The $255,940 average selling price for homes this year is the highest on record, ahead of the $253,406 at the height of the market in 2007. Read Article

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