As with the Case-Shiller number we reported on last week, the Core-Logic report for Denver homes shows a similar upwards trend for prices. However, these numbers indicate a greater improvement.
From The Denver Business Journal:
The Denver-Aurora-Broomfield area saw home prices increase by 6.5 percent in May compared with May 2011, according to the CoreLogic HPI report released Monday. That number included distressed sales, which are foreclosed or real-estate owned (REO) homes.
That’s at least the fourth month in a row metro Denver’s HPI has posted year-over-year positive gains, according to CoreLogic, a Santa Ana, Calif.-based business-data company.
This 6.5% increase in year-over-year prices is big. Last week’s number from Case-Shiller indicated a 2.8% increase in prices of Denver homes from April of 2011.
What’s more, this 6.5% increase includes Denver Distressed properties in it’s figure, which means this increase includes all Denver foreclosures, short sales, HUDs and other distressed homes.
This is just another in a long string of positive housing news for the Denver market. If you would like one of our agents to run detailed numbers for a specific area or neighborhood, give us a call at 303-726-1874 today.