YOY Increase: 6.7%
Out in Denver, prices posted a 0.4% gain in September from the month prior, contributing to the city’s 6.7% improvement since the same time in 2011.
While the month-over-month growth slightly lagged behind August’s 0.5% increase, the one-year gain was better than the month before.
More good news came out of Denver in the third quarter. The number of resales increased by 15% year-over-year, for example, while the average number of days on market fell by a whopping 37%. On top of that, inventory fell by 11% — more than three times the decline in the rest of the state, according to the Denver Business Journal.