Colorado boasts the nation’s fifth best housing market, according to a report released today.
The report by 24/7 Wall Street said home prices in Colorado have risen by 7.3 percent in 12-month period ending in July, with a median home price of $240,00.
“The Colorado housing market was not badly damaged when the housing bubble broke,” according to the analysis, which ranked Arizona as No. 1, with a 16.6 percent year-over-year increase in home prices.
The online service, which provides analysis and commentary on a variety of domestic and international equities and asset classes, including real estate, based the ranking of the top 10 housing markets on a number of sources. They included:
- The Corelogic Home Price Index.
- Foreclosure data from RealtyTrac.
- Fiserv, an information management company that provides data for the Case-S&P/Case-Shiller home price index.
- Trulia, the online real estate search site.
- Unemployment data from the Bureau of Labor Statistics. Read More: