It’s no secret that the housing market has been booming. But do you ever wonder how Colorado compares to other states around the US?
According to one article, Colorado has 3 of the top 18 hottest markets. What defines a hot market? Population growth; the increase of people moving to a market. Median home prices; what is the average home price in these markets. House price increase; how much has the price of a home increased from one year to the next.
The full list of 18 hot markets is below:
1. Mesa, Arizona
2. Phoenix, Arizona
3. Raleigh, North Carolina
4. Austin, Texas
5. Las Vegas, Nevada
6. Bakersfield, California
7. Aurora, Colorado
8. Jacksonville, Florida
9. Charlotte, North Carolina
10. Nashville, Tennessee
11. Anaheim, California
12. Indianapolis, Indiana
13. San Diego, California
14. Tampa, Florida
15. San Jose, California
16. Colorado Springs, Colorado
17. Albuquerque, New Mexico
18. Denver, Colorado
No matter what the market is like, a sellers market, or a buyers market, it is important to meet with a real estate agent and see where you stand. If you’re purchasing a home, a real estate agent can help you determine the best strategy when searching and making offers on homes. If you’re selling your home it is important to discuss with your agent what you want to get out of the sale of your home.
If you’re interested in purchasing or selling in the near future, send me a text, I would love to start the conversation.
Link to the full article here.
