We didn't have time to blog about it yesterday, but some great news came out regarding Denver homes for sale. For the second month in a row, Denver showed a year-over-year increase in home prices. This corresponds with all of the otehr reports and dat we've been repeating here, but it's worth repeating.
For the second straight month, metro Denver posted a year-over-year increase in home prices in February, according to the latest S&P/Case-Shiller Home Prices Index.
Those consecutive gains were the first year-over-year price increases for the Denver area in 19 months, according to the closely-followed monthly report on average home-resale prices from Standard & Poor's.
Denver's February home prices were up 0.5 percent in February from the same month a year earlier, following January's slight 0.2 percent gain.
The market for Denver homes for sale is hot. We sold two homes this past weekend that we had on the amrket for less than 24 hours! Many of our agents this week were helping clients with Denver foreclosures. On several occasions, our team was forced to get into a bidding war on these foreclosures for our buyers because of the huge demand.
If you are thinking of buying or selling a home in the Denver area, give our team of experts a call so we can make sure you have all of the data and information you need: 303-726-1874.