Denver Homes: Prices up 1.2% in Febuary From 2011

All of the major indicators for Denver homes continue to point in a positive direction. The latest report is showing that home sales, including Denver Distressed properties (foreclosures, Denver short sales, etc), are up 1.2% from the same period 1 year ago.

This is great news, and the number get even better when you take out Denver distressed properties. When you remove Denver foreclosures and Denver short sales, the year over year increase raises to 1.6%.

From The Denver Business Journal:

Home prices in metro Denver continued a gradual climb upwards in February as compared to a year earlier, according to the latest home price index (HPI) report from CoreLogic CoreLogicLatest from The Business JournalsNational refinancing activity back on the riseHome prices show signs of stabilizingCoreLogic: Metro Charlotte home prices stay flatFollow this company Wednesday.

The Denver-Broomfield-Aurora area saw the HPI, including distressed sales, increase 1.2 percent from February 2011. Without the distressed numbers, the index increased 1.6 percent year over year.

We're seeing more and more positive news on the market for Denver homes every month. While there is no steep increase in price, the several months of positive news certainly continue to point in a slow, sustained recovery.

We'll continue to watch the market and especially keep our eye on the Denver foreclosures that are anticipated to be released in the coming weeks and months now that the nation wide lawsuit against the major lenders has been settled.

If you'd like to talk more about the Denver market, give our team a call at 303-726-1874.