Prices of homes in Colorado are still climbing – though at a slower, more-sustainable pace – despite significant depreciation in prices elsewhere in the country, according to the Office of Federal Housing Enterprise Oversight’s house-price index for the second quarter of 2008. The state average increased 1.82 percent, compared with the nation average dropping 1.71 percent for the year.
Metro Area Ranking (out of 292)
Boulder - 69
Denver-Aurora - 143
Fort Collins-Loveland - 127
Greeley - 170
Colorado Springs - 177
Pueblo - 207
Grand Junction - 6
Colorado 18 out of 51
None of Colorado’s metro statistical areas (MSA’s) were among the bottom 20 for appreciation from the second quarter of 2007 to the second quarter of 2008. In fact, the bottom 20 featured only California and Florida cities, with one Nevada metro squeezing in. However, Grand Junction – which saw a 5.25 percent increase over the year – was the only Colorado city to make the top 20 list. With an appreciation of 2.47 percent for the year, Boulder made a solid showing at 69 among 292 metro statistical areas nationwide. Here’s a look at how all Colorado MSA’s home-price changes compare with the state and nation:
Second Quarter Appreciation Rates
Source: Office of Federal Housing Enterprise Oversight
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