Last week, Case-Shiller released a report, the report reveals that Denver home prices have increased by 9.7% last February compared to February of 2015. Denver currently ranks as the third best city according to Case-Shiller. Portland ranked first with a year over year appreciation of 11.9% while Seattle ranked second with a year over year appreciation of 11%.
Denver property managers believe that the Case-Shiller report is a good sign of how strong the Denver housing market is compared to other cities in the country. The Denver economy is strong and the community is growing as well.
David M. Blitz, the Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices mentioned that although the mortgage rates remain low, the rising prices has become a concern in many parts of the country.
On a national level, the supply of homes on the market is low. The low supply of homes has become a concern throughout the nation. Homeowners who want to sell their houses and move to a more spacious house or a more convenient location. On a happier note, potential buyers will be glad to hear that the number of homes available on the Denver market this spring has increased.