The Case Shiller index, a leading indicator of real estate values and trends, released its April report this week. Prices for detached single family homes in the Denver MSA (metropolitan statistical area) are up 10.3% year over year for April 2016. This comes on the heels of double digit gains for March (10% y-o-y) and February (10% y-o-y), and an 8% y-o-y gain in January 2015. In all those months but March, Denver was the top metro area for appreciation out of the 20 metro areas studied (In March, Denver was second only to San Francisco). Denver’s healthy economy and job market is driving a very strong demand for housing, coupled with historically low levels of inventory.
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