Despite all of the doom and gloom surround the Denver-area residential real estate market, the local housing market fares quite well relative to the rest of the country.
The latest report that shows this trend comes from Zillow, the company that made its name in the real estate industry by estimating the values of individual homes across the nation.
A Zillow report released today shows that homes prices in the Denver-Aurora metropolitan statistical area, the 21st largest MSA in the U.S., dropped by 5.1 percent in the first quarter from a year ago.
That is consistent with the S&P/Case-Shiller index of 20 markets released last week.
Tuesday, May 6, 2008
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