U.S. News & World Report named the Denver metro the healthiest housing market in America, surpassing Raleigh, North Carolina.

MetroIntelligence compiled the ranking using the Housing Market Index for June 2023, an interactive data set that aggregates public and private data points categorized by impact on housing demand, supply, and financing.

According to Patrick S. Duffy, the principal real estate economist for MetroIntelligence, when they looked at the data sets for June, it was clear that Denver jumped to the front of the line due to one key factor: demand. With its mile-high elevation and proximity to the Rockies, it’s not surprising to see more consumers looking to maximize their lifestyle options by relocating or opting to stay in Denver. Duffy analyzed the data for U.S. News & World Report.

But that continued popularity comes at a cost, as housing prices continue to climb in Colorado.

According to a study from the real estate research firm Zonda, the top four most expensive non-coastal cities for home prices are in Colorado. “Housing affordability generally improves as one moves away from the coast, but even inland markets are reaching affordability extremes,” said Zonda’s chief economist, Ali Wolf.

With a median home price of $833,622, Boulder tops the list. Denver follows at $636,651, with Fort Collins third at $593,282. For the first time, Greeley made the list at fourth place with a median home price of $573,957.

While housing costs here are indeed high, for those coming from places like New York or California, our prices are a bargain. The metro Denver area is significantly less expensive than coastal cities. It’s also a cultural hub with a thriving performing arts and dining scene. And let’s not forget all the outdoor activities people can take advantage of here.

People are still moving to Denver at a rapid rate, but if you’re already a resident there are certainly opportunities to become a homeowner. Give Metrowest a shout today and let’s discuss your options!