An analysis of the 165 largest cities in the U.S. showed four Colorado cities are in the top 10 for best places to sell a home.
SmartAsset looked at five metrics: Five-year change in median home value, average number of days on the market, percentage of homes sold for a loss, closing costs and real estate offices per 100,000 residents.
It’s no surprise to those who follow the real estate market here that median home value has skyrocketed over the past decade. But Colorado’s growth appears to be continuing. Last year’s study, which examined similar metrics, only turned up one community in the Centennial state: Lakewood.
This year, though, Colorado came home with four spots in the top 10, including top honors.
Aurora, Colorado ranked No. 1 for 2020. Colorado’s third largest city finished eighth overall for its low percentage of homes sold for a loss at 2.2%. IT came in ninth for its high number of real estate offices per 1,000 residents, at 1.90. And it ranks in the top 10% of the study, 15th overall, for five-year change in median home value, with an increase of about 44.5%.
Aurora overtook last year’s top city, Glendale, Arizona, which came in second on the 2020 list.
Lakewood ranked third overall; Arvada ranked fifth; and Denver ranked sixth.