According to the latest S&P/Case-Shiller Home Prices Indices report, the home resale prices in Denver raised by 8.5% in February from a year earlier, a slightly lower rate of annual growth than in the previous three months.

A separate report from Black Knight Financial Services Inc. showed that Denver home prices rose in February more than almost all other markets from the previous month.

But the two reports differ on the pact of month-over-month price gains in Denver.

Here is a look at the Case-Shiller’s new home-price reports:

-The report claims that first time in past one year, Denver’s ranking among 20 cities tracked by the closely followed  Case-Shiller monthly real estate report slipped to third from fourth.

-Denver’s 8.5% growth rate in February was exceeded by Seattle (12.2%), Portland (9.7%) and Dallas (8.8%).

-Denver still continued to far exceed the 20 city average annual growth rate, which was 5.9% in February. The national average was 5.8%.

-Denver's 8.5% increase in February followed 12-month gains of 9.2 percent in January, 8.9 percent in December, 8.7 percent in November, 8.3 percent in October, 8.7 percent in September, 8.8 percent in August and 9.4 percent in July.

-Case-Shiller home price index in February set a new record at 191.45, which means that local home resale prices averaged 91.45% higher than they were in the benchmark month of January 2000.

-The Case-Shiller report is compiled by comparing matched-price pairs for thousands of single-family homes in each market.
Black Knight’s report:

-The Black Knight report has metro Denver's month-over-month growth outpacing nearly every other large market -- and much the same for Colorado as a whole.

-The reports indicated that Colorado home prices increased 1.6% in February from a month earlier, more than any state other than Washington (2.2%).

-While in Denver, the reports show that home prices increased 2% in February, behind Seattle’s 2.7% growth and California’s 2.2% growth.

-According to the report, Denver Home prices hit a peak value of $373,000 in February. The highest ever.

"The Black Knight home price index utilizes repeat sales data from the nation’s largest public records data set, as well as its ... loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available," the company said in a statement.

Also Read: Top Five neighborhoods in Denver for first time house buyers

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