Denver is bright spot in dark Residential Market

According to residential sales data, Denver is in better shape than most of the country when it comes to home sales. Home prices in metro Denver fell 4.8 percent between May 2007 and May 2008, but nationwide the average was a 15.8 percent price drop over the same time period. Maybe things here aren't as bad as they seem. According to the the Standard & Poor's/Case-Shiller 20-city index, home prices in Denver actually increased by 1 percent between March and May of this year. The experts are saying that may indicate that a turn-around is about to start in Denver's housing market.