The S & P Case Shiller Report was issued yesterday and Denver was ranked in the top 5 housing markets at number 5.
This report reflects September 2011 housing sales.  Year over year prices in Denver were down, with a 1.5% decline.  September 2011 prices were also down a little over August.  The Case Shiller Report lags by 2 months, and this is a snapshot of where we were 60 days ago.
Denver has been consistently ranked in the top 5 housing markets, and with our low inventory that should remain the case in future months.
The decline in prices is most likely a combination of the typical seasonal slow down, a market rush on homes priced around $200,000 and a continued ongoing adjustment to market conditions.
The MLS figures for November sales will be issued in about a week.  It will be interesting to see how the MLS – with more relevant Denver numbers – reports the November sales.  That will be an indicator of where Case Shiller will be ranking the city in about 60 days.
Gretchen Rosenberg, LifeStyle Denver author, is a local Denver real estate broker.  Contact Gretchen for information on Denver area real estate.
Meet the Author  
Libby Levinson made the move into real estate in 2005 and proudly joined Kentwood Real Estate – Cherry Creek in 2006. During her career, Libby has had the pleasure of helping a variety of clients navigate their real estate transactions: helping first-time buyers find their starter home; coordinating the synchronized sale and purchase for buyers looking for more space; sellers looking to down-size; and assisting sophisticated investors with their next investment opportunity. She has also enjoyed working with buyers building their dream home from the ground up. Libby is known for her ability to smoothly facilitate the complex details of both the buying and selling process.
Libby’s real estate website is www.libbysellsdenver.com. She also writes for www.lifestyledenver.com.