Historic Homes of Denver: Updates on Denver Home Prices

Denver Homes: Prices Rise for 5th Straight Month

Some more great news for Denver home owners came out recently in the Denver Business Journal. According to the latest report from S&P/Case-Schiller, the City and County of Denver posted the 5th straight month of year over year increased home prices.

This is keeping in line with what we've been seeing for the past 6 months and is what was predicted to happen due in large part on the low home inventory we have been seeing.

This report details only Single Family Denver homes and does not include Denver condos. It also does not factor in Denver foreclosures or Denver HUD homes.  

For the fifth straight month, metro Denver posted a year-over-year increase in home prices in May, this rate eclipsed all but three of the nation’s 20 largest markets, according to the latest S&P/Case-Shiller Home Prices Indexy.

Denver’s five consecutive months of year-over-year price gains followed 18 months of declines, according to the closely-followed monthly report on average home-resale prices from Standard & Poor’s.

Denver prices were up 3.7 percent in May from May of 2011, the Case-Shiller report said. That followed year-over-year gains of 2.8 percent in April, 2.6 percent in March, 0.5 percent in February and 0.2 percent in January.

The market has been very hot for buyers looking in the under $500,000 market all year. If you are considering a specific area, make sure you contact us here at www.HistoricHomesofDenver.com to receive a detailed report for the area that you are interested in, as well as have us set you up on a daily alert for active listings in the neighborhood of your choice. The best homes are staying on the market only a day or two, so it is important you know about the home as soon as it goes on the market.  We are seeing several homes go on the market that are receiving several bids on them.  I was at a home that went on the market at noon on Friday.  My buyer and I showed up at 2:00pm and there were already 5 people waiting to get in to see the propertyl  Call me today so I can set you set up on our tech savy home buyer system!