Denver Home Prices Rise 4.1%

This week the S&P Case-Shiller Index was released with information from the month of August.

This report is the most widely reported real estate report in the country currently. For Denver, home prices have increased 4.1% in the last 6 months since March! This continues to be great news.

It appears that for Denver, March was the bottom of the market. Hopefully, this bottom will hold through this credit crunch the last 2 months and the slower winter months.

For the last 12 months Denver home prices are down 5% which makes us the 4th best large real estate market in the country according to Case-Shiller. Nationally, home prices in the 20 largest cities dropped 16% in the last 12 months