The residential real estate market just keeps getting stronger, according to reports from Case-Shiller that share the home prices in the Denver metro are not only rising–they have hit an all time high! The Denver local movers have learned that the home prices in May hit an all time level, finally bouncing back (and then some) after the housing collapse when the bubble burst seven years ago.
Denver area prices were up almost 10 percent from May 2012, making May 2013 the 17th consecutive month to have year over year gains in real estate prices. In fact, Denver has seen month over month gains of 9 percent or more every month leading up to May.
So what’s the comparison to the national scale? Nationwide, home prices were up 12.2 percent in May 2013 from May 2012. There was also the largest leap in prices recorded in a 12-month period since 2006. Sales numbers of new and existing homes are at multi-year highs.