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Realtor.com ranks Denver as third-hottest real estate market

Denver's the third-hottest real estate market in the U.S. after Vallejo, California, and Dallas, says Realtor.com.


And although the median home price slipped 1% from June, to $251,000 for July, that's still a record price for the month, and 7% higher than one year ago.

The inventory of homes for sale is still growing each month, although it should soon peak for the year. But the estimated 500,000 new listings for July will once again fail to keep up with the demand from buyers. Total inventory remains lower than one year ago.

Smoke's analysis identified the top 20 hottest medium-to-large U.S. markets, where homes are selling fast and buyers are jostling to find a place and get their bids in. For the second month in a row, Vallejo -- a modest city about 30 miles northeast of San Francisco -- dominates the top spot. California can claim 12 of the 20 hottest markets, but six other states also represent: Texas, Colorado, Indiana, Ohio, Michigan, and Tennessee.

Read the rest here.

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
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