For the 12th month in a row, the price for Colorado homes has shown a positive gain according to CoreLogic. This corresponds with the other reports (Case-Shiller, Metrolist, etc) on prices for both Denver homes and the state as a whole.
As we continue to post here, the market has shifted from a buyers market to an incredible Sellers’ market in only a matter of months. The inventory of available homes is at lows we haven’t seen in many years and buyers are finding themselves in bidding wars more often than not.
You can see the results and details of this report on the Colorado Division of Housings Blog:
Corelogic’s home price index for Colorado increased year over year for the twelfth month in a row during January 2013, increasing to the highest growth rate seen since the beginning of the recession in 2008.
Colorado showed a 9.8 percent increase from January 2012 to January 2013. The December HPI report, released today by Corelogic, shows the national HPI rising by 9.7 percent, year over year. since mid-2012, year-over-year growth in the HPI for Colorado has been robust, as inventory continues to decline and demand for home purchase remains steady or increasing among Colorado residents.
Again, these numbers include statistics for Denver homes, Colorado Springs homes for sale and all other areas of Colorado housing. If you are interested in a specific city or neighborhood, give us a call and our team will run a detailed report for you. You can reach our Denver office at 303-726-1874 and our Colorado Springs office at 719-641-4209.