Denver Real Estate Market Outperforms Rest of the Country
The closely watched S&P/Case-Shiller Home Prices Index was released today, revealing that the Denver real estate market was the best year-over-year performer of the cities surveyed. Denver home prices only declined 0.1% from between October 2008 and October 2009. This marks approximately nine months of improved readings in these statistics, beginning in early 2009. Sales of existing homes, which are included in the S&P/Case-Shiller Home Price Indices, have been very strong in recent months, helped by shrinking inventories.
For more information on Denver home prices, or regarding the general Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
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