Denver and Dallas lead the nation again in home prices, according to the Standard & Poor’s/Case-Shiller home-price index.

Denver’s S&P/Case-Shiller Home Price Index Yearly percentage change continued to improve, falling only 1.2 percent between September 2008 and September 2009. That’s the seventh consecutive month in which Denver’s annual returns have improved over the previous month’s.

One indicator of an improved housing market is the monthly supply statistic. Many cities throughout Colorado showed improvements in their monthly supplies.
• The average sold price for residential and condominium sales in the Denver Metro area increased 2.8 percent from October 2008 to October 2009. The average sold price fell 4.9 percent from September 2009 to October 2009.
• The sales volume for residential and condominium sales in the Denver Metro area increased 2.9 percent from September 2009 to October 2009. The sales volume fell 7.6 percent from October 2008 to October 2009.
• The inventory of residential homes and condominiums for sale in the Denver Metro area fell 4.5 percent from September 2009 to October 2009. At the end of October, 18,945 homes were for sale. This represents a 4.8 month-supply at the current sales pace.
• The number of residential homes and condominiums which were under contract (pending sales) increased 9.0 percent from October 2008 to October 2009.
• The average list price of residential homes and condominiums increased 0.7 percent from October 2008 to October 2009. • The percentage of listings sold increased 7.7 percent from September 2009 to October 2009.
• Average days on market during October 2009 was 93 days on market -- the lowest it’s been all year.

Source: Source: Denver Metrolist. Based on Information from Metrolist, Inc. for the period 10-1-2008 through 10-31-2009.NOTE: This representation is based in whole or in part on data supplied by Metrolist, Inc. Metrolist,Inc does not guarantee nor
is in any way responsible for its accuracy. Data maintained by Metrolist, Inc.may not reflect all real estate activity in the market. S&P/Case-Shiller Home Price Indices. More information can be found at: www.standardandpoors.com