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Denver-area home prices drop the least of 20 cities surveyed07 Jan

Denver’s housing market is holding ground, in comparison with a lot of other cities around the country.

Denver-area home prices fared the best in a 20-city survey released Tuesday, falling just 0.1 percent in October compared with the same month last year.

Home prices nationwide declined an average of 7.3 percent in October compared with a year ago, according to the Standard & Poor’s/Case-Shiller Home Price Index. It’s the smallest year-over-year decline since October 2007, said economist Jeff Thredgold of Vectra Bank Colorado.

“It’s just one more sign of stability and an increase in consumer confidence,” Thredgold said.
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