Home resale price gains hold steady in metro Denver; national prices reach new high

DENVER BUSINESS JOURNAL - Home-resale prices across metro Denver averaged 8.7 percent in September from a year earlier, almost the same yearly gain as the month before, according to the latest S&P/Case-Shiller Home Prices Indices report, issued Tuesday.

Nationally, home prices finally surpassed their pre-recession peak, the report said.

While September’s metro-Denver price gains far outpaced the national average, they lagged Denver’s year-over-year performance during the spring and early summer.

The 8.7 percent average price increase for home resales in the 10-county Denver region followed year-over-year gains of 8.8 percent in August, 9.4 percent in July, 9.3 percent in June, and 9.5 percent in both May and April, according to the closely followed Case-Shiller monthly real estate report series.

Read more at the Denver Business Journal: http://bizj.us/1oypyy

(© 2016 American City Business Journals. All rights reserved.)


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