Economics

Most Competitive U.S. Housing Markets

Feb. 1, 2019

Fifteen cities are home to the most competitive buyer conditions in the nation, most of which are located in the tech job-rich West.

The study by LendingTree assesses buyer credit score, median home price, and average down payment. The findings offered a surprise, as the most competitive market wasn't the most expensive in the study. Denver, the toughest market for buyers, has a median home price of $459,900, per Zillow data, running at about the middle of the pack in dollar terms. Fifty-six percent of buyers in Denver have good or excellent credit, and the average down payment is 16 percent, CNBC reports.

Other competitive cities are even cheaper: St. Louis, Missouri, with a median home price of $145,000, comes in at No. 6. And Milwaukee, Wisconsin, with a median home price of $124,000, earns the No. 10 spot. That means that, even in a more affordable housing market, it can still be challenging to buy a home.

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