Denver-Aurora-Lakewood, CO

There is no doubt that the Denver-Aurora-Lakewood, CO metropolitan statistical area (MSA) is one of the hottest housing markets in the country right now. Despite concerns about the future of the economy, job growth in the MSA has been strong and steady over the past few years, and this has helped to drive demand for housing up.

As a result, prices have been rising steadily as well. The median home price in the MSA was $360,000 in 2017, up 8.1% from 2016. And things are only expected to continue to heat up in 2018. According to Realtor.com, they are predicting that prices will rise another 5.3% by next year.

What’s driving these increases? A number of factors are at play including low interest rates, a limited supply of homes on the market relative to buyer demand, and strong population growth due to people moving to the area for jobs or retirement. All of these trends are expected to continue in 2018, so it’s a good time to be selling a home in Denver-Aurora-Lakewood!