Denver-Area Housing Market Tops the List

Posted by Phil Boren on Thursday, January 7th, 2010 at 4:18pm.

BoulderHomeResource.com

In the closely-watched S&P/Case-Shiller report released today (see above chart), Denver was the top performer out of the 20 major metropolitan housing markets tracked. Specifically, Denver’s housing market showed only a a 0.1 percent dip in year-over-year prices in the year ending in October, 2009, compared with an overall drop of 7.3% for the 20 areas in the report. The 10-city index in the report declined overall by 6.4%. The worst market performer . . . Las Vegas, which declined 26.6% during the same period.

Tom Clark, executive vice president of the Metro Denver Economic Development Corp., said that Denver’s No. 1 ranking is the latest sign that Denver’s economy is out-performing the nation’s. “Job growth does matter,” Clark said. “What a concept. Our market was recently recognized as being in the "Top Ten best Places For Jobs" by CNN and Money Magazine, and these two indices tend to go together, as Tom Clark points out.

This is just the latest "Best of" list that the Denver real estate market has shown up in. If you're thinking about buying or selling a home in our area, please feel free to contact us with any questions.

Phil Boren
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