Metro Denver is the hottest home-buying market in the country, according to a ranking from Realtor.com released Wednesday.
Westlake Village, California-based Realtor.com takes several factors into consideration when determining the ranking, including supply and demand, the number of views per listing on its website and the median age of inventory in each market.
Denver was ranked in the No. 1 position in both May and April as well.
“Denver resoundingly maintained the top ranking as inventory there shave six days off the median age while listing views grew 7 percent over April,” Realtor.com said in a release. “Denver is experiencing substantial economic growth, and the tight supply of housing is resulting in the fastest moving inventory in the country. Additionally, Boulder places at No. 13, up four spots from No. 17 last month.”
Only two other states, Texas and Michigan, have two cities on the ranking.
The 20 Hottest Real Estate Markets in May 2015
|Market||May Rank||April Rank|
|San Francisco-Oakland-Hayward, CA||2||2|
|San Jose-Sunnyvale-Santa Clara, CA||3||3|
|Dallas-Fort Worth-Arlington, TX||4||4|
|Santa Cruz-Watsonville, CA||7||8|
|Santa Rosa, CA||8||7|
|Ann Arbor, MI||9||9|
|San Diego-Carlsbad, CA||11||10|
|Los Angeles-Long Beach-Anaheim, CA||15||15|
|Austin-Round Rock, TX||16||14|
|Oxnard-Thousand Oaks-Ventura, CA||17||13|