Breaking News: Denver home prices near 5-year high

Denver area home prices in September reached their highest level in nearly five years, according to the latest S&P/Case-Shiller Home Prices Index, released Tuesday.

Metro Denver home resale prices have not been as high since October 2007, according to data from the closely followed real estate report series from Standard & Poor’s.

The report gives Denver an index value of 134.01 for September, meaning that local home resale prices averaged 34.01 percent higher than they were in the benchmark month of January 2000.

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