Denver home prices are approaching a record high according to Case-Shiller report.
Denver home prices are approaching a record high according to Case-Shiller. In April Denver home prices reached the highest level since 2006 resulting in a 9.9% increase compared to last year. Home prices nationwide increased 12.1% from April of 2012 in the 20 largest metro areas. San Francisco had the highest gain with 23.9%, Las Vegas up 22.3% and Phoenix up 21.5%. These three areas were hit harder than Denver during the recession. Month over month, Denver home prices rose 1.8% from March to April while Denver’s Case-Shiller price index reading 138.28 representing a 35.79% increase from January of 2000. The highest index reading was 140.28 in 2006. The Case-Shiller price index is comprised by resale prices of stand-alone single family homes and doesn’t include new construction or condominiums and is meant to reflect price change for comparable home inventory.