Colorado’s home-price appreciation rate, which increased 11.96 percent from the first quarter of 2012 to the first quarter of 2013, allowed it to move up in the nationwide rankings from the fourth quarter of 2012.
The Federal Housing Finance Agency ranked the state No. 7 – up one position from the previous quarter – in its 2013 first quarter house-price appreciation index. None of Colorado’s seven metros ranked in the top or bottom 20 metro areas, and Denver-Aurora-Broomfield was the highest-ranking Colorado metro at No. 36 with a one-year appreciation rate of 5.91 percent. Boulder came in at No. 76 out of 306 metros and fifth among Colorado metros with a one-year appreciation rate of 2.96 percent.
With an appreciation rate of -1.68 percent, Pueblo was the only metro to have a decreasing rate and had the lowest ranking – 282 – of Colorado metros. The rest of Colorado’s metros all experienced increases in their appreciation rates year-over-year as well as quarter-over-quarter.
The national one-year appreciation rate was 6.72 percent and, while the state as a whole performed better, the Colorado metro to come closest to that was Denver-Aurora-Broomfield.
Here’s a look at how Colorado and its metro’s house prices performed in the first quarter of 2013 compared with the nation:
House Price Appreciation Rates 1st Quarter 2013
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RE/MAX of Boulder