According to the Denver Business Journal, "Metro Denver's year-over-year gain in home-resale prices stood at 8.4 percent in February, almost an entire percentage point higher than the annual gain the previous month." Read more below:
Home-resale price growth still rising in metro Denver, report says
By Kelcey McClung – Reporter, Denver Business Journal
Apr 24, 2018, 12:46pmMetro Denver's year-over-year gain in home-resale prices stood at 8.4 percent in February, almost an entire percentage point higher than the annual gain the previous month.
That's according to the latest S&P/Case-Shiller Home Prices Indices report, released Tuesday.
January's year-over-year gain in Denver-area resale prices was 7.6 percent, according to the closely-followed monthly report series.
In February, only three major U.S. cities showed greater year-over-year price increases out of 20 big markets tracked by the Case-Shiller report series: Seattle (up 10.1 percent from the previous February), Las Vegas (up 11.6 percent) and San Francisco (up 10.1 percent).
Denver surpassed Los Angeles this month, though just by a hair — the California city was up 8.3 percent from the previous February.
Denver tied with Detroit with an 8.4 percent annual gain.
The average year-over-year increase for all 20 cities, as well as the national price gain, was 6.3 percent in February, the report said.
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