While it might have seemed like the Denver real estate market couldn’t get any stronger, the prices for the area have shown that there is still room for improvement, as CoreLogic Inc.’s latest home price index (HPI) showed metro Denver homes sold for an average of 9.7 percent higher in February than they did a year earlier. That number included the sale of distressed, or foreclosed, properties in the Denver-Aurora-Lakewood area. Prices were already significantly higher than other metros throughout the US, and the demand in Denver is alive and well, driving prices higher and increasing the competition between interested buyers.
Moving to Denver is a popular trend for many as they look for a place to settle down in the western US. As a whole state, Colorado is one of five states to reach new home price highs, and they aren’t showing signs of cooling any time soon.