Denver Home Prices Up for Fifth Month in a Row

Denver Home Prices Up for Fifth Month in a RowFor the fifth month in a row, metro Denver’s home sale prices saw a year-over-year increase, according to a CoreLogic home price index (HPI) report released Tuesday.

The Denver-Aurora-Broomfield area HPI grew 7.2 percent in June over June 2011’s HPI. That was also a larger gain than was seen with May’s 6.3 percent HPI increase (revised slightly with additional public-records data, according to CoreLogic). Those numbers included distressed sales, which are foreclosed or real-estate owned (REO) homes.

Excluding those distressed sales, metro Denver’s HPI increased 6.3 percent in June over a year ago. Nationally, the HPI excluding REOs stood at 3.2 percent in June.

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Authored By Dennis Huspeni – See the Full Story at BizJournals.com

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