1 Jul
Denver Market Home Prices Increase for Second Month
Posted on 2009 under Castle Pines Real Estate, Castle Rock Colorado Real Estate, Castle Rock Homes For Sale, Colorado Real Estate, Denver Colorado Real Estate, Denver Real Estate, Douglas County Colorado Community News, Douglas County Colorado Real Estate, Douglas County Homes for Sale, Elizabeth CO homes for sale, Elizabeth Colorado, Highlands Ranch Colorado, Larkspur Colorado Homes for Sale, Lonetree Colorado, Mile High Real Estate, Parker Real Estate | No CommentHome prices in Denver increased for the second consecutive month, and show the lowest year-over-year decline of the 20 cities included in the closely watched S&P/Case-Shiller index.
Released Tuesday, the index reveals how 20 cities are faring as the economy continues to batter the residential market. The 20-city composite index shows home prices were down 0.6 percent in April, and off by 18.1 percent since April 2008.
On its own, Denver showed a 1.5 percent increase in prices for April — only Dallas, at 1.7 percent, did better — and a 0.1 percent increase in March.
Denver prices fell by 2.7 percent in January and by 1.7 percent in February.
The year-over-year decrease for Denver was 4.9 percent, the best showing off any of the major cities in the index. Dallas, with a drop of 5 percent, was a close second.
Denver Buisness Journal, June 30, 2009
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