Denver home values rise 50% over last decade

by | Jul 27, 2016 | Blog, Buying a Home, Denver Real Estate Market

27044638_mIt probably won’t come as a surprise to many that home prices in Denver have been on the rise. But this statistic might raise an eyebrow or two: Those values have increased nearly 50% (49.3%) over the past 10 years.

That’s according to mortgage resource company HSH’s “home price recovery index,” which found that home value growth in the Denver-metro market has outpaced all other U.S. markets since 2006, including the other top cities of Austin, Houston and Dallas.

The index took into account the Federal Housing Finance Agency’s (FHFA) Home Price Index in order to study which housing markets have fully recovered from the Great Recession and which have not.

While the 50% figure is certainly eye-catching, observers note that, broken down over 10 years, the increase is less than 5% per year. The news should also serve as fair warning to buyers that waiting for the market to drop before jumping in has not been a solid strategy over the past 10 years. Those thinking of purchasing a home would do well to act now, as prices are predicted to continue their climb in the Mile High City.

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