Denver home price gains hold steady at 7.2 percent

House at 346 Elm in Hilltop on Oct. 25, 2017 in Denver. The home is part of the Denver Designer Show House.

Metro Denver home prices increased 7.2 percent in September, unchanged from the annual rate of gains measured in August and July, according to the latest update from S&P CoreLogic Case-Shiller Indices.

As Denver’s home price index maintained a steady jog, home prices nationally accelerated to a 6.2 percent pace in September, their fastest rate of annual increase since June 2014.

“Home prices were higher in all 20 cities tracked by these indices compared to a year earlier; 16 cities saw annual price increases accelerate from last month,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.

Seattle remains the uncontested leader among metro areas, with a 12.9 percent year-over-year increase in its home price index. Las Vegas was second with a 9 percent increase while San Diego, with an 8.2 percent gain, claimed the third spot that Denver held for much of last year.

Portland, Ore., was next at 7.3 percent and Boston and Tampa Bay tied Denver with a 7.2 percent increase.

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