Denver 2nd lowest for housing declines

The Denver-area’s housing market fell 14.3 percent from its “peak to trough,” less than half of the overall decline for the 20 cities tracked in the closely watched S&P/Case-Shiller Home Price Indices released today.

As previously reported by InsideRealEstateNews, the Denver market statistic area narrowly avoided hitting a double dip in housing prices in March, which was the fate of 12 of the 20 cities tracked by Case-Shiller.

However, the report also shows that homes in the 20 cities, overall lost an average of 33.1 percent from their peaks to low-point.  Only Dallas, with an 11.2 percent decline from the peak to the bottom, showed less of a drop than Denver. In March, Denver was down 14.1 percent from its peak, while Dallas was down 10.7 percent.

Read the entire article: http://insiderealestatenews.com/2011/05/denver-2nd-lowesbest-for-housing-declines/

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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