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Home prices rise nationally

Things look up nationally; metro Denver sees 1.3% increase in May from April…

…With less than a three-month supply of homes priced lower than $200,000, it’s not surprising Denver is showing the second-smallest decrease in year-over-year pricing, said Lon Welsh, managing broker of Your Castle Real Estate. The numbers are being dragged down by slow, high-end home sales, he said. “We’re clearly past the bottom at the low end, but the high end still has some suffering to do,” Welsh said.”

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