Denver home price gains in January slowest since 2012


Home prices nationally in January marked their slowest annual gains since 2015, and Denver home prices are rising at levels last seen in 2012, according to the S&P CoreLogic Case-Shiller Indices, a leading measure of U.S. home prices.

“January kicked the new year off with yet another month of slowing price growth. This is a strong signal that the homebuying season this spring will look quite different than in recent years,” said Ralph McLaughlin, deputy chief economist at CoreLogic, in a blog post.

Nationally, home prices rose 4.3 percent in January, marking the 10th month that prices have de-accelerated on the paired-price index.

The metro Denver index recorded a 5-percent annual gain in home prices, the slowest pace since June 2012. Like the rest of the country, Denver home prices have been on a downward trajectory for the past 10 months, and the median price of a home sold turned negative in February.

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In January 2016, the Case-Shiller index for Denver rose 10.2 percent. In January 2017, it rose 9.2 percent. In January 2018, it rose 7.6 percent. And this January, the gain is down to 5 percent.

The hottest markets at the start of the year were Las Vegas, Phoenix and Minneapolis. Denver ranked sixth, in a tie with Detroit.

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