More Good News for the Denver Real Estate Market!

The monthly S&P/Case-Shiller Home Price Indices report was released today, and there is more good news for the Denver real estate market. The report, an important barometer of both the local and national real estate markets, revealed that although Denver home prices are 4.8 percent lower than they were a year ago, there was a 1 percent increase from April to May of this year. Boston, Charlotte, and Dallas were the only other cities to see a 1 percent increase, and Atlanta, Portland, and Minneapolis also saw modest increases. While the 4.8 percent year-over-year decrease may not be pretty, it was the third best number on the report, which encompasses 20 metropolitan areas. Only Charlotte (-.2%) and Dallas (-3.1%) saw a lower year-over-year decline in home prices than Denver did.