Metro Denver home prices increased 7.2 percent in September, unchanged from the annual rate of gains measured in August and July, according to the latest update from S&P CoreLogic Case-Shiller Indices.
As Denver’s home price index maintained a steady jog, home prices nationally accelerated to a 6.2 percent pace in September, their fastest rate of annual increase since June 2014.
“Home prices were higher in all 20 cities tracked by these indices compared to a year earlier; 16 cities saw annual price increases accelerate from last month,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.
Seattle remains the uncontested leader among metro areas, with a 12.9 percent year-over-year increase in its home price index. Las Vegas was second with a 9 percent increase while San Diego, with an 8.2 percent gain, claimed
Portland, Ore., was next at 7.3 percent and Boston and Tampa Bay tied Denver with a 7.2 percent increase.
