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Denver’s Home Prices Rise to Record High

hamilton-zanze May 30, 2014

Home prices rose 9.7% year-over-year in May, taking Denver’s Case-Shiller home price index level to 140.98—past the previous high of 140.28 reached in August 2006. The Case-Shiller index tracks single-family home prices in 20 U.S. metros and uses January 2000 prices as a benchmark.

Home prices in Denver have increased for 17 months, helped by buyer demand and low interest rates. As single-family home prices continue increase, would-be homebuyers may be priced out of the market.