The positive price trend for Denver homes continues today with Case-Shiller releasing its latest Home Prices Index. The latest report shows a 4% increase in Denver homes prices for June of this year when compared to June of 2011. It also shows a month-over-month increase of 2% from from May of 2012.
If you have been reading our blog, then this news won't be a surprise for you. Reports like this have been coming out for nearly a year and every indication has shows a slow, steady increase in prices of Denver homes. Keep in mind that these numbers include Denver foreclosures and Denver HUD homes. Many reports in the past have not included these distressed properties and have artificially inflated prices - this report does not remove those traditional lower numbers.
In addition to the positive uptick in sales, Denver is also #4 in the entire nation for price increases. From the Denevr Business Journal:
For the sixth straight month, metro Denver posted a year-over-year increase in home prices in June, at a pace that eclipsed all but three of the nation’s 20 largest markets, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday
The only major markets with greater gains in the year ending in June were Phoenix (up 13.9 percent), Minneapolis (up 5.7 percent) and Miami (up 4.4 percent).
There is still time to find good deals on Denver foreclosures and Denver short sales, but the windo wis closing. If you would like to speak with one of our experts, give us a call at 303-726-1874.