S&P: Denver existing-home prices outperform other cities - Philadelphia Business Journal:

http://www.amjhomeservices.com/1999/advertiser-yfawards.html
Also, prices in Denver declined 5.5 percent in March from the same mont h ayear ago, the smallest decrease of any of the 20 citiea in the latest monthly S&P/Case-Shille Home Price Indices report. The 20-city average year-to-year decline was 19.1 percent. Denver’ds 0.1 percent price increase in Marcj from the previous month followeda 1.7 percent decline in February, a 2.7 percentg drop in January, a 1.5 percengt decline in December 2008 and a 1.1 percenty decrease in November 2008, S&P said. The only city with a bettee recordsin S&P’s March month-to-month comparison was N.C., up 0.3 percent.
March’s greatest rate of month-to-month price declin was in Minneapolis, down 6.1 percent from S&P said. In the year-to-year comparison, only Dallas, Boston, Cleveland and Charlotte saw pricew declines of less than10 percent. At the otherf extreme were Phoenix (down 36 percent year to Las Vegas (down 31.2 percent) and San Franciscio (down 30.1 percent). Analysts have said that the real-estatse price “bubble” did not blow up as large in Denvert as in other parts ofthe country, so that the contractionb of recent months has not been as pronounced.
“declines in residential real estate continuec at a steady pace into David Blitzer, chairman of S&P’s index committee, said in a statemenrt Tuesday. “Based on the March data, ... we see no evidencse that that a recovery in home prices has The survey tracks changes in the valur of the residential real estate market by comparing sale prices of specifix sample homes in a city at two different Calculations are by using methodology developerd by Karl Case andRobert Shiller. The survey assigns an indes number to each city and does not reporft actualhome prices.
The index is a measure of how much home priceas have gone up or down in each marker sinceJanuary 2000, which has been assignedx a price index of 100 in that market. The reportg said Denver had a home-price index of 120.35 in meaning home prices as of that monthwere 20.35 percenft higher than in March 2000. Home pricess in Denver peaked inAugust 2006. .