The numbers for Denver Homes continue to remain positive. We have been reporting the numbers from the Denver MLS, but yesterday, CoreLogic released their latest statistics for the metro area and we wanted to highlight them here.
The latest numbers are for September and they show a 10.2 percent increase in prices from September of last year. These number include distressed homes in Denver (short sales and foreclosures) but the full report gives data for numbers without factoring in distressed homes.
From The Denver Business Journal:
Home resale prices in the Denver metro area rose 10.2 percent in September from the same month of 2012, CoreLogic Inc. said Tuesday in its monthly Home Price Index report.
Month to month, prices in the Denver-Aurora-Broomfield area, excluding Boulder County, slipped 0.1 percent from revised August levels, CoreLogic said.
Those price comparisons included sales of “distressed” homes — generally those sold by a bank or lender after a foreclosure. Excluding distressed sales, resale prices rose 9.5 percent year over year in metro Denver and were flat between August and September 2013.
The flattening out of numbers from August to September could be seasonal, or it could show a slightly slowing market. We’ll continue to watch data reports from all sources and keep you updated here. In the meantime, if you would like to talk to one of our agents, you can reach us at 303-726-1874.