We all know about the oil and gas boom in Weld County, but have you heard about the housing boom in the Greeley-Evans market?

This trend is evidenced by three months’ worth of double-digit increases over the previous year in housing prices in Greeley and Evans, according to the most recent data from Information and Real Estate Services.

August, September and October saw increases of 19.2 percent, 24.2 percent and 22.2 percent, respectively. What’s more, the median price of a home in the submarket has risen in every month of 2012, with the exception of February, when home prices remained flat. April and May, meanwhile, saw double-digit increases.

In dollars and cents, this means the median home price in Greeley in October was $165,000, compared with $135,000 in October 2011.

Fort Collins and Loveland have also seen increases in median price in recent months, but the gains have been much smaller, at 4.3 percent and 3.3 percent, respectively.

Of course, Greeley’s price is still significantly lower than median prices in other parts of Northern Colorado, but the sustained improvement in home prices there is reason for optimism.

Chalice Springfield, managing partner