Home prices in the Denver metro area fell 2.2 percent in August 2011 from August 2010, according to a report Thursday from CoreLogic, a real estate data provider. That is smaller than the 2.7 percent year-over-year drop recorded in July.
The Standard & Poor’s/ Case-Shiller Home Price Index reported a 2.1 percent annual decline for July for metro Denver.
The 2.2 percent decline in August includes distressed transactions like foreclosures and short sales where the bank accepts less than what is owed on the mortgage.
When looking at non-distressed sales, CoreLogic said metro Denver home prices declined 0.3 percent from August 2010 to August 2011 and 1.1 percent in July 2011.
Looking at all Colorado home sales, CoreLogic said home prices statewide fell 1.8 percent in August on an annual basis and rose 0.2 percent for non-distressed sales. Aldo Svaldi, The Denver Post
