George Nettles, Denver CO – From the Colorado Division of Housing: Denver home prices grow at highest rate since Janaury 2002. “Case-Shiller released its home price index for July 2012 today. The home price index for the Denver area rose 1.3 percent percent from June to July, and rose 5.4 percent, year over year, from July 2011 to July 2012. The year-over-year increase in July was the seventh year-over-year increase in a row for Denver, and was the largest increase since January 2002.”
Add that bit of info to the fact that Metro Denver’s home inventory is at the same level as the inventory of 2001 and we will probably see more home price increases.
>>>>>>> Read the entire article from the Colorado Division of Housing here.
*George Nettles is an Associate Broker with Brokers Guild Cherry Creek in Denver, CO. He is the founder of www.LuxuryHomesInDenver.com and Denver’s Luxury Home Team. He can be reached at 303-981-7282 or George@LuxuryHomesInDenver.com