Real Estate: Market Snapshot

November 2013

When it comes to the real estate market these days, it seems just about any news is good news. The latest batch of data on home prices both nationwide and in Colorado comes from a recent report by CoreLogic, a company that tracks real estate figures. And, indeed, the report paints a good-looking picture. Though prices were somewhat flat when compared to the previous month, nationwide single-family home prices in September were up 12 percent over the previous year. Colorado was just behind the national figures with a 9.2 percent increase over September 2012.

Last spring, when we examined the Denver real estate market, one of the key questions seemed to be whether the increasing prices would be enough to prompt long dormant homeowners to consider selling. Since then, the numbers have only improved—seemingly more good news if you're considering selling your home. Or perhaps there's still plenty of room to grow: According to the CoreLogic report, though the market has long since climbed out of its 2008 basement, the average price of a single-family home is still about 17 percent below what it was at the home-prices peak in April 2006. All of which leaves the question "to wait or not to wait" unanswered.

—Image courtesy of Shutterstock