Wednesday, May 8, 2013

CoreLogic Reports Continuing Home Price Increases in Denver

I was reading the Denver Business Journal and read a story about how home sales prices continue to post double-digit year-over-year increases across the metro Denver market, according to a report Tuesday from CoreLogic Inc, the stats and analysis company.
In the Denver-Aurora metro area, home prices jumped 11.5% in March from the same month a year earlier, the report shows.
That home price index included distressed, or real-estate owned (REO), properties.
It was the 14th month in a row for year-over-year price gains. Excluding REO properties, local year-over-year prices increased by 11.5% in March.
Month to month, March prices climbed 2.3% from February.
The report closely mirrors local data from Metrolist Inc. showing metro Denver’s spring selling season is stronger than a year ago.
Nationally, home prices increased 10.5% in March from March 2012, the CoreLogic report states.