Real estate market gaining spring speed

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MESA COUNTY, Colo. Spring and summer are proving to be better times for people to be in the housing market than years past.

The National Association of Realtors found previously-owned home sales increased 4.9% in May, the fastest monthly gain since Aug. 2011.

Home sales in the Grand Valley are still stagnating, but the median prices for homes have gone up from $167,000 per home 2013 to $185,000 last month.

Local real estate agents said they still see the most activity for lower-priced areas in the Grand Valley.

"I feel as though the northeast is more active than the rest of the area and if feel that's because of the pricing," said Vicki Badini, of Bray Real Estate.

265 homes were sold in May in Mesa County.

The average number of days a house has been on the market this year has been 97 days compared to last year at this time when it was 87 days.




 
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