Standard & Poor Case-Shiller home price indices track home prices in 20 major cities. It is divided in a 10-city and a 20-city composite indices. The S&P/Case-Shiller Home Price Indices are calculated monthly using a three-month moving average. There is a two month lag.
This report compares the residential housing markets of Denver and the 2 composite indices.
The data from Standard & Poor’s Case Shiller study released on Aug 30th shows home prices went up in the 2nd quarter of 2011. Denver Year/year prices, although negative at -2.5, have been improving since March. Please see the year/year and the 6-month trend charts below.
The 10-city composite index includes Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, Washington, D.C.
The 20-city composite index adds Atlanta, Charlotte, Cleveland, Dallas, Las Vegas, Minneapolis, Phoenix, Portland, Seattle, and Tampa.
The counties included in Denver-Aurora Metro area are Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park.
Source: S&P Case-Shiller; Analysis & Graphs: Hossein Tolooee, Metro RE Investment Group