Denver’s Existing-Home Prices Down in January But Better Than Most Cities
Posted by TheHomeCart.com on Wednesday, April 8th, 2009 at 7:59am.Prices of existing homes in the Denver area declined 2.7 percent in January from the previous month, Standard & Poor’s reported on March 31. This is a much steeper decline than the two previous months.
Even so, when compared to the previous January, Denver's existing-home prices fared better than all but one of the 20 cities compared in the monthly S&P/Case-Shiller Home Price Indices report.
Denver showed an existing-home price decline of 5.1 percent between January 2008 and January 2009. Dallas had a smaller decline of 4.9 percent. The average drop for all 20 cities was 19 percent.
The report said Denver had a home-price index of 122.33 in January, meaning home prices as of that month were 22.33 percent higher than in January 2000.
Home prices in Denver peaked in August 2006. Among the 20 cities studied by S&P, prices have declined an average 29 percent since they peaked in 2006.
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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