In May, Denver's home prices reached 140.98 an all-time high, according to The S&P / Case-Shiller report released this morning. Overall, its 20-city composite showed a 2.5% increase in May over April. Denver was one of two cities (Dallas was the other) that reached a new record. And Denver is one of ten cities that showed acceleration. 

Nationwide, average home prices in May were back to their Spring 2004 levels and the 20-city composite posted an annual increase of 12.2%. Denver's all-time high in May surpassed the financial peaks set in June 2007 and August 2006. Denver showed a 2% improvement over April, with a one-year change of 9.7%. 

Chair of the Index Committee at S&P Down Jones Indices David Blitzer said, "Home prices continue to strengthen. Two cities set new highs, surpassing their pre-crisis levels, and five cities posted monthly gains over over 3%, also a first-time event."

 

   Tweet