Denver Co. and Charlotte NC were the only two real estate markets out of 20 U.S. cities examined, to show a month-to-month residential home price increase. According to the latest Standard and Poor/Case-Shiller national home price index, Denver’s home prices inched up a modest tenth of a percent.
The Denver home market also fared better than any of the U.S. cities surveyed in year-to-year price declines. The S&P/Case-Shiller home price index notes a 5.5% decline in the Denver home market when comparing March of 2009 with March of 2008.
This most recent study, coupled with national real estate expert Barbara Corcoran’s recent announcement that Denver is poised for a housing recovery, support what I have been seeing on a local level.
Homes under $250,000 in decent Denver neighborhoods are moving quickly and receiving multiple offers when priced correctly.
Michelle A. Potter
Denver Realtor
(303) 489-4035
See the full report at:
http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_022445.pdf
