State, metro home prices maintain stable climb

Posted by Tom Kalinski Founder RE/MAX of Boulder on Wednesday, September 11th, 2013 at 3:22pm.

Boulder was one of only two Colorado metros with strong enough improvements in their housing prices from the first quarter of 2013 to the second to move up in nationwide rankings by the Federal Housing Finance Agency. However, no Colorado metro managed to break into the top 20 metros with the highest appreciation rates in the U.S.

While Boulder, with a one-year price appreciation rate of 6.06 percent, improved to No. 63 out of 306 in the second quarter from No. 76 in the first, Pueblo jumped 130 spots from No. 282 to No. 152 with a one-year appreciation rate of only 1.99 percent. Pueblo was still the lowest-ranking Colorado metro.

Despite dropping from No. 36 to No. 55, the Denver-Aurora-Broomfield metro was the highest-ranking Colorado metro with a one-year appreciation rate improvement of 7.52 percent. Greeley (Weld County) saw the biggest decline in the ranking, falling from 46th in the first quarter to 64th in the second, but saw a strong 5.96 percent appreciation rate.

And Colorado, with a one-year appreciation rate of 9.33 percent, ranked 10th out of 51 states, compared with a ranking of seven in the previous quarter. The national year-over-year appreciation rate was 7.22 percent.

Here’s a look at how home prices for Colorado and its metros are fairing compared with the national average:

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder

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