Home prices in Colorado and its cities as well as the West region all took a positive turn in June compared with a year ago, according to the National Association of Realtors (NAR).
The region’s employment sector also showed promise in June, with new hires increasing 10.9 percent over June 2011 and layoffs dropping 8.5 percent, the NAR reports.
The Boulder-Longmont area’s median home prices showed the most improvement month-over-month among Colorado cities, increasing 5.82 percent. The Colorado Springs area’s home prices had the second highest increase of 4.59 percent, followed by Denver’s 4.46 percent increase.
On the national level, inventory of for-sale single-family homes, condominiums, townhouses and co-ops declined by 19.35 percent in June…