Once again, Denver, Portland and Seattle have the highest year-over-year home price gains, according to the Case-Shiller Index. As they have for the last six months. In fact, for at least a year, Denver has been near the top of the 20 cities measured this August. This time though, prices rose only 8.8 percent from this time last year.
That’s still above the 20-city average of 5.1 percent, but it’s not as high as July’s increase of 9.4 percent. Still when you look at how prices have risen since January 2000, it’s hard not use words like “skyrocketing:”
Currently, Denver home prices are 88 percent higher than they were in January 2000.
The Case-Shiller index looks at resales of stand-alone single-family homes, not new construction or condominiums.