For the 10th straight month, the prices for Denver Homes rose – substantially. In October, the prices for Denver area homes increased 6.9% from the same month last year.
We have been reporting for almost a yea that source such as Case-Shiller, Zillow, Metrolist and other independent sources have been showing a consistent, steady increase in home prices.
From the Denver Business Journal:
Denver-area home prices rose 6.9 percent in October from the same month a year ago, the 10th consecutive month that metro Denver posted year-over-year price increases, according to the latest S&P/Case-Shiller Home Prices Index, released Wednesday.
Denver’s index value stood at 134.03 for October, according to data from the closely followed real estate report series from Standard & Poor’s. That index was flat from September’s index value of 134.01.
Seasonally adjusted, Denver prices were up 0.5 percent in October from the previous month.
The peak index reading for Denver was 140.28 in August 2006.
If you have been putting off getting intot the market for Denver homes, DON’T WAIT! Prices continue to rise, and what you can buy today, may not be the same in 3 months.
Similarly, if you have been waiting to put your home on the market because you thought the value wasn’t there, call our team today at 303-726-1874 to see what your home is really worth. you might be surprised. Homes that were previously forced into the Denver Short Sales market may be above water now.