Colorado showed a 10.5 percent increase from February 2012 to February 2013. The February HPI report, released last week by Corelogic, shows the national HPI rising by 10.2 percent, year over year. Since mid-2012, year-over-year growth in the HPI for Colorado has been robust, as inventory continues to decline and demand for home purchase remains steady or increasing among Colorado residents.
See the home price archive for comparisons with other indices.
The CoreLogic HPI reflects ongoing home price growth that we also see in several other home price indices such as those form FHFA and Case-Shiller.
In the February report, six states reported larger year-over-year increases than Colorado. The states with the largest increases were Nevada, Arizona, and California with increases of 19.3 percent, 18.6 percent, and 15.3 percent, respectively. Only three states showed declines in the index, and were Illinois, Alabama and Delaware, with drops of 1.0 percent, 1.5 percent, and 4.4 percent, respectively.