Centennial has been named the ninth Best Small Real Estate Market and 20th overall, according to a recent study by WalletHub.
To determine the best markets, WalletHub’s analysts compared 300 cities. Each were categorized according to population size guidelines.
Centennial’s population is fewer than 150,000 (109,726) therefore ranked in the category of small cities.
WalletHub’s analysts compared 300 cities of varying sizes across 21 key metrics. The data set ranges from median home price to home-sales turnover rate to job growth. Centennial’s unemployment rate and percentage of homes selling for a gain ranked first among small cities.
Additional statistics to note regarding the health of Centennial’s Real Estate Market are:
Health of Centennial’s real estate market (1=Best 150=Average):
33rd–Average days until sale
29th– Median home-price appreciation
4th – Percentage of delinquent mortgage holders
5th – Vacancy rate
70th – Building-permit activity
7th – Maintenance affordability
In the category of small cities, three other Colorado municipalities also made the top 10. Thornton came in at No. 6, Arvada at No. 7 and Longmont at No. 10.
WalletHub is a personal finance outlet based in Washington, D.C. Visit https://wallethub.com/edu/best-real-estate-markets/14889/
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