Denver performed the best of the 20 major metropolitan housing market tracked in the closely watched S&P/Case-Shiller Home Price Indices report released today.
Denver's housing market showed only a only a 0.1 percent dip in housing prices in the year ending in October, compared with an overall drop of 7.3 percent for the 20 areas in the report. The 10-city index in the report fell overall by -6.4 percent.
"Once again, this shows the strength of the Denver market," said Gary Bauer, an independent Denver real estate broker. "We continue to lead the nation as far as recovering from the recession – the recession is not over yet – but we will be one of the first to emerge."
Bauer said that "two-thirds" of the Denver-area housing market "still moving," if not showing spectacular performance. Only the high-end market continues to be soft.
"The market has moved from the only activity being in the first-time buyer to what I call the "move" buyer," Bauer said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment