According to the latest S&P/Case-Shiller Home Price Index, Denver metro area home resales averaged 34.17% higher than they were in January 2000, which is generally considered a benchmark in the local housing market.  Denver’s peak index reading was 140.28% in August 2006.

Denver’s price gains have been consistently increasing and for the past several months at a much faster pace.  January revealed a greater over year price gain in Denver with the average increase of 8.1% in twenty other cities tracked by the Case-Shiller report.  In the previous thirteen months, home sales prices in the Denver area have risen reaching the highest level since fall of 2007 according to the S&P/Case-Shiller Home Prices Index.

Home sale prices increased to 9.2% in January 2013 from January 2012 which is the largest year over year rise since before the recession according to the monthly real estate report series from S&P Dow Jones Indices LLC.  However, in January, month to month home sale prices in the Denver metro area were flat from the previous month although prices rose 1.1% when seasonal adjustments were factored in according to the Case-Shiller report.

Among the twenty markets tracked by Case-Shiller, the largest year over year price increases were in Phoenix which was up 23.2% from the previous year and San Francisco which had an increase of 17.5%.  Seven of the twenty markets tracked by Case-Shiller saw double digit price gains.