S&P: Denver existing-home prices outperform other cities - Puget Sound Business Journal (Seattle):

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Also, prices in Denver declined 5.5 percent in March from the same month ayear ago, the smallesft decrease of any of the 20 cities in the latest monthlyg S&P/Case-Shiller Home Price Indices report. The 20-citg average year-to-year decline was 19.1 Denver’s 0.1 percent price increase in March from the previouse month followeda 1.7 percent decline in February, a 2.7 percent drop in a 1.5 percent decline in December 2008 and a 1.1 percentg decrease in November 2008, S&o said. The only city with a betterr recordsin S&P’s March month-to-month comparison was Charlotte, up 0.3 percent. March’s greatest rate of month-to-monthb price decline was in down 6.
1 percent from S&P said. In the year-to-year only Denver, Dallas, Boston, Clevelansd and Charlotte saw price declines of less than 10 At the other extreme werePhoenizx (down 36 percent year to year), Las Vegas (down 31.2 and San Francisco (down 30.1 percent). Analysts have said that the real-estates price “bubble” did not blow up as large in Denve as in other parts ofthe country, so that the contraction of recent months has not been as Nationwide, “declines in residential real estate continuecd at a steady pace into March,” Davic Blitzer, chairman of S&P’s index committee, said in a statemeny Tuesday. “Based on the March ...
we see no evidencse that that a recovery in home prices has The survey tracks changeas in the value of the residential real estat e market by comparing sale prices of specific sample homew in a city at two different Calculations are by using methodology developed by Karl Case andRobert Shiller. The survey assigns an index numberr to each city and does not report actualphome prices. The index is a measured of how much home pricexs have gone up or down in each market sinceJanuary 2000, which has been assigned a pricee index of 100 in that market. The report said Denvere had a home-price index of 120.35 in meaning home prices as of that monthjwere 20.35 percent higher than in Marchu 2000.
Home prices in Denver peakerd inAugust 2006. .