Metro Denver tops nation for 1-year home price growth

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Metro Denver saw the greatest one-year rise in home-resale prices in January out of 20 major U.S. markets, with local home prices reaching a new record high. according to the latest monthly S&P/Case-Shiller Home Prices Index report, issued Tuesday.

The average resale price of single-family homes in the Denver area in January up 8.4 percent from a year earlier, according to the closely-followed report from S&P Dow Jones Indices.

That compares to an average year-over-year increase of 4.6 percent for the 20 cities tracked by the monthly report, and 4.5 percent for the nation as a whole.Metro Denver saw the greatest one-year rise in home-resale prices in January out of 20 major U.S. markets, with local home prices reaching a new record high. according to the latest monthly S&P/Case-Shiller Home Prices Index report, issued Tuesday. Mike Harden, News Director-Denver Business Journal.