Boulder, Colo., topped the list with the most stable growth over the past 25 years. Home prices there have climbed more than 300% and “the average homeowner in Boulder hadn’t suffered any significant price declines since 1991,” the analysis showed.
Boulder was followed by the Austin-Round Rock area of Texas, which has experienced home price growth of 271% without too many significant declines in prices. Casper, Wyo., Bismark, N.D. and Midland, Texas, round out the list of the top five housing markets with the most stable growth.
Many of the stable housing markets were in Western or Midwestern non-coastal states like Colorado, Texas and Montana and North Dakota. The likely reason: “It boils down to supply and demand,” says Daren Blomquist, the vice president of real estate site RealtyTrac (http://www.realtytrac.com/) . “In the middle-America markets there is more room to create more supply than in the coastal markets — which are often constrained geographically as well as by more regulation,” he says.