Denver home prices improve in June

Denver home prices rose 4 percent in June compared to the same period a year ago, according to a report released today.

That lands it 4th in the rankings of 20 housing markets surveyed in the S&P/Case-Shiller Home Price Indices.

“I’m extremely happy that even though we dropped one position, we’re still up in the top five,” said independent housing analyst Gary Bauer. “It just shows the strength of the Denver market. Denver was the first to go into this economic recession and we’re the first to come out and we’re holding our own.”

Nationally, home prices were up 0.5 percent in June, with only six cities showing declines. Atlanta was down 12.1 percent; Chicago, 1.7 percent; Las Vegas, 1.8 percent; Las Angeles, 0.6 percent; New York, 2.1 percent; and San Diego, 0.2 percent.