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Denver Named a Top Real Estate Market for Millennials

According to the National Association of Realtors, Denver is among the top 10 best markets for millennials to purchase a home. The association analyzed current housing conditions, job creation and population trends in metropolitan statistical areas across the U.S. to find the best areas for young homebuyers. However one important criteria left out was pricing—Denver has some of the most expensive property in the country at the moment.
Also, available inventory is problematic. Many people are moving to Denver, and within Denver, and Austin, Texas and Salt Lake City were identified as the best markets, but seven of the top 10 were located in the west and midwest, including Denver. Denver has a solid flow of young people moving into the area, and while they might initially move to the area with roommates, they will likely stay and buy homes to have with families as they settle down.

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