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Metro Denver’s monthly home price gains coming down fast

What was a 4.5% gain in March fell to 1.1% in May and likely to keep dropping

File photo, the Denver skyline ...
David Zalubowski, Associated Press file
In this Sunday, Nov. 18, 2018, file photo, the Denver skyline is visible from the prairies in the Rocky Flats National Wildlife Refuge in Broomfield, Colo.
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Home price gains have finally met the law of gravity in metro Denver, with the monthly pace of appreciation in May at about half the level seen in April and a quarter of the pace seen in March, according to the S&P CoreLogic Case-Shiller home price indices.
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The 13.2% gain based on the current rate of monthly home price appreciation is an annualized rate. The annual rate would be 14%.

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