Home sale prices reached a new all-time high in the Denver area in September, marking the fifth consecutive month that prices have grown to an all time high. The data compiled by the S&P/Case-Shiller Home Prices Index shows that home resale prices in Denver were up 9.9 percent from September 2012 to September 2013. The month marked the 21st consecutive month where prices gained year over year. Comparatively, August 2013 was 10.1 percent over August 2012. The price index for Denver, also known as the Mile High City, has been breaking records since May, with year over year price gains each month at a rate of about 9 percent.
The Denver residential movers have found that Denver is one of the stable markets in the US and other markets that were hit harder in the recession are bouncing back, with the highest price gains year over year found in Las Vegas, San Francisco, Los Angeles and San Diego. Nationally, prices are the strongest they have been since the boom peaked in 2006, a fact that might make some industry professionals nervous.