Home prices in Denver reach an all-time high with average resale price increasing 8.9% from April a year earlier according to S&P/Case-Shiller Home Price Index. This marked the 15th straight month of year-over-year price increase of 8.9% or more according to the report. Although, home prices for metro Denver area homes did edge down 0.1% between January and February, they rose 1.4% between February and March, topping the average gain for 20 cities tracked by Case-Shiller. The Case-Shiller home price index for Denver in April stood at 150.59, which basically means the local home resales price, averaged 50.59% higher than they were in the benchmark month of January 2000. March was the 28th consecutive month for Denver area home prices with a year-over-year increase. Case-Shiller which tracks 20 major US cities showed home prices increased 12.4% in March compared to a year earlier. The Case-Shiller prices are for resales of stand-alone single family homes only, not for new construction or condominiums, and are intended to reflect price change for comparable home inventory.