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A tight housing market in the Pikes Peak region has made purchasing a home — especially those in the more affordable $300,000-and-under price range — a challenge for many buyers. RICH LADEN, THE GAZETTE

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Home prices in Colorado Springs continue to rise, but the pace has cooled.

The Springs' median home price climbed to $307,000 in the fourth quarter of 2018, a 7.4 percent year-over-year increase that tied for 31st highest among nearly 180 metro areas, according to a National Association of Realtors report released Tuesday. Midway through last year, the city ranked in the top 10 with a nearly 14 percent quarterly gain. The Springs' median price of $307,000, meanwhile, ranked 26th highest in the report.

Business writer, Colorado Springs Gazette

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