Metro Denver Home Prices up in November from Previous Year
Some more good news for Denver homes for sale. Data from November of 2011 and 2010 show that home prices rose year over year. Even more importantly, these statistics included Denver distressed properties as well as standard resale homes (Distressed properties included Denver foreclosures and short sales).
This is in stark contrast to the nationwide data which showed a 4.3 percent year over year decline. Just one more reason to tak all the of the news articles you read on a nation housing crisis with a grain of salt. Denver is performing much better than average.
From The Denver Business Journal:
Home prices in the Denver metro area rose in November 2011 from the same month a year earlier, according to the latest Home Price Index report, issued Monday by CoreLogic Inc.
The report said home prices, including distressed sales, in the Denver-Aurora-Broomfield area were up 1 percent year-over-year in November.
Excluding distressed sales, CoreLogic reported a 1.5 percent year-over-year rise in November.
This is just one more indication that the Denver market is slowly improving. We're not seeing big spikes of improvement, but the market for Denver homes for sale has been gradually improving for many months now.
If you'd like to talk about The Denver market, Denver foreclosures or Denver distressed properties, give our team a call at 303-726-1874.
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