Inventory is tight and home prices are soaring in theMile High City. "To us, it looks like everything is close to peeking," said James Paine, managing partner at the real estate investment firm.
Median home price difference: (2007-2015) +27.47%
The median home price in Beantown is up nearly 30% from 2007, according to Paine, but incomes haven't been keeping pace, making homes less affordable.
Median home price difference: (2007-2015) +23.61%
The nation's capital is home to some of the most powerful people in the world, but its real estate market might be losing some of its dominance.
"Compared to some of the neighboring areas of D.C., it's way overpriced for the region," said Paine.
Median home price difference: (2008-2015) +23.28%
Pittsburgh's housing market didn't take the hit others did during the housing crisis, and prices have continued to rise, according Paine.
"Housing prices have moved up so fast in the last few years, especially those priced just above the median," said Pain.
Median home price difference: (2007-2015) +19.7%
Home prices in San Francisco have been on a steady climb. The city's tech industry has brought a lot of job growth and wealth to the area, and home prices are up nearly 20% from 2007, according to West Realty Advisors.
"It has the highest median home price in the entire country and the lowest affordability," said Paine.
Median home price difference: (2007-2015) +18.01%
Hawaii's capital might be an ideal vacation getaway, but not the spot for real estate bargains, according to West Realty Advisors.
"Housing prices are so inflated in comparison to incomes, it doesn't make sense to us," said Paine.
Median home price difference: (2007-2015) +10.07%
With lots of jobs and rising home prices, everything seems to be going well in the California city.
Maybe a little too well.
"When everything is at a high, we don't feel comfortable betting it's going to go even higher," said Paine.
Median home price difference: (2007-2015) +8.04%
The city has become a hub for small businesses with a strong labor market, according to West Realty Advisors, but the firm is cautious about the growth potential of the city's real estate market.
Median home price difference: (2007-2015) +4.56%
The picturesque city south of Denver has a strong military presence and potential budgets cuts could hurt its real estate market, the firm said.
Median home price difference: (2006-2015) -5.66%
San Diego is a beautiful place to call home, but incomes aren't keeping up with the rise in home prices, Pain said.
"If you are relocating, you can probably get a better bang for your buck in Los Angeles or Orange County."
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