Denver 3 For Home Price Gains Among Big Cities

Dated: 07/31/2017

Views: 362


Image title

According to the latest S&P/Case-Shiller Home Prices Indices report, Denver has made its way to the number 3 spot among 20 big U.S. cities for year-over year home-resale price gains.


The report also indicated the Denver area saw an increase in sales prices of 7.9 percent in May from a year earlier. That’s actually down from year-over-year gains of 8.2 percent in April, 8.4 percent in March and 8.5 percent in February, but it's still a big-enough annual increase to move Denver up a notch from fourth place in March and April to third among the 20 cities closely tracked by the Case-Shiller monthly report series.


The only places growing faster than the Mile High City are Seattle (up 13.3 percent) and Portland, Oregon (up 8.9 percent) for year-over-year price growth.


Other report highlights include:

  • Denver saw a 0.9 percent gain in May over the previous month, not seasonally adjusted, down from 1.2 percent in April. The 20-city average monthly price increase was 0.8 percent and the national average was 1 percent.

  • Denver's Case-Shiller home price index in May rose to a new record of 198.32, which means local home resale prices averaged 98.32 percent higher than they were in the benchmark month of January 2000.


Denver is indeed a hot market, but if you know where to look, there are some great deals to be found. If you’re in the market for a new home or first home, contact Metrowest today. We’d love to show you around!

Blog author image

Dave Nelson

DAVE NELSON, 4-time 5280 Magazine 5 Star Real Estate Professional. Dave’s career in real estate has chronicled more than 15 years. Known as a true real estate professional, Dave is experienced i....

Latest Blog Posts

Exploring Villa Park

It may seem like all of Denver’s best neighborhoods are priced to the max, but if you know where to look there are definitely some gems to found. While inventory is increasing slightly, buyers

Read More

Fall Brings Cool Down To Denver Market

According to last week’s trends report from the Denver Metro Association of Realtors (DMAR), last month the number of homes on the market jumped, the number of home sales dropped, and price

Read More

Denver Ranks 6th In The Nation For Home Sale ROI

According to a recent survey by realtor.com, the return on investment for Denver homes is one of the highest in the country.The analysis found that the median return for homes was 8 percent

Read More

Plan To Double Affordable Housing Fund Gets Approval In Denver

According to the Denver Business Journal, a proposal to double Denver's Affordable Housing Fund from an annual sum of $15 million to $30 million recently advanced out of the city's Safety, ,

Read More