Colorado and nearly all of its seven metropolitan areas improved their rank on the Federal Housing Finance Agency’s House Price Appreciation Rates index in the second quarter of 2011.
The Greeley metro area – essentially Weld County – made the most improvement, going from a rank of 194 with a one-year appreciation of -2.87 percent, to a rank of 20 with only a 0.17 percent drop in house prices over the year.
Boulder’s placement improved from 173 in the first quarter to 81 in the second; however, it was the only Colorado metro that saw an actual appreciation (0.12 percent) of home prices quarter-over-quarter.
Fort Collins-Loveland was the second-highest ranked Colorado city, coming in at 35 in the second quarter compared with 107 in the previous three months.
Colorado as a whole ranked 23 out of 51 states, with a one-year appreciation of -4.19 percent. The national appreciation rate falls between the states ranked 31 (Michigan) and 32 (Tennessee).
No Colorado metro ranked in the bottom 20 metro areas for house-price appreciation.
House Price Appreciation Rates
2nd Quarter 2011