Denver home prices increase in March
Contrary to national trends, home prices in Denver are rising. According to the latest S&P/Case-Shiller Home Prices Index, metro Denver posted a year-over-year increase in property values for the third straight month. The price improvement for the greater area will make homes for sale in Denver more valuable.
Home prices increased 1.5 percent from February 2012 to March 2012 to an index value of 123.66. This is an annual improvement of 2.6 percent. While year-over-year price change rose in January, February and March, the hike followed declines of 0.2 percent in November 2011 and 0.4 percent in December 2011, reports the Denver Business Journal.
Potential homebuyers may be able to locate a property that will see a value increase in the greater Denver metro area. A house could be a strong investment that provides a buyer with not only ties to the community, but future financial collateral. Interested parties can check out the MLS listings in Denver to find homes that meets their needs.