S&P/Case-Shiller – Denver’s Prices Flat Month over Month, Signs Point to Home Prices Decrease in the Future
The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.1% and was 5.5% higher compared to its level a year ago, the lowest annual increase in 20 months. Tuesday’s Case-Shiller report covers a three-month period ending in August. Nationally, August marked the fifth straight month of decelerating price gains, as interest rates have risen and inventory in some markets, especially in our home market of Denver, has been growing. Denver month over month was unchanged in terms of prices. Year over year prices were up 7.7%. The Case-Shiller is a lagging market indicator, we already have data from September that sales… Read moreS&P/Case-Shiller – Denver’s Prices Flat Month over Month, Signs Point to Home Prices Decrease in the Future