Denver’s Record-Breaking Home Price Index

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Denver’s Record-Breaking Home Price Index

Denver SkylineDenver continues to stretch the home price index, setting another record by achieving a 9.9% increase in September from just a year earlier. According to the latest S&P/Case-Shiller Home Prices Index, Denver has reached an all-time high as September’s increase marks the 21st consecutive month with a year-over-year-gain. Nationwide, home prices rose 13.3% compared to the previous year in the 20 large metro areas reported in the study. The areas that saw the greatest year-over-year gains in the report include Las Vegas up 29.1%, San Francisco up 25.7%, and Los Angeles and San Diego with 20+ percent gains.

As seen in the Denver Business Journal, David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said that nationwide price gains are ” the strongest … since the boom peaked in 2006. “Housing continues to emerge from the financial crisis: the proportion of homes in foreclosure is declining and consumers’ balance sheets are strengthening,” Blitzer added. “The longer run question is whether household formation continues to recover and if home ownership will return to the peak levels seen in 2004.”

Fuller Sotheby’s International Realty, a leader in the sale and purchase of residences throughout Colorado, has comprehensive micro market report data which can help you determine if is the right time to sell in your neighborhood. Click here and see what’s happening in your community or call for a custom report at 303.893.3200.

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