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Western housing markets heated up during the summer

House prices rose significantly in Boulder, Colorado, this summer.

House prices rose significantly in Boulder, Colorado, this summer.

Summer has been a good season for home sellers in Boulder, Colorado, as prices have risen along with the heat index, according to a recent Altos Research mid-cities real estate report.

Of the 20 mid-sized U.S. cities considered by Altos, Boulder experienced the greatest increase in median sales price between June and August. The August median price of $431,910 was 8.23 percent higher than the June price of $399,060. Not surprisingly, many people took advantage of this summertime trend and put their home on the market, causing available inventory to rise 5.74 percent.

In naming Louisville, Colorado, the best place to live in 2011, Money magazine pointed out many people relocate there because it is close to Boulder's thriving labor market, driven by the tech, aerospace and healthcare industries.

Two other Western cities, San Antonio, Texas, and Boise, Idaho, posted the second- and third-greatest price increases during the summer. San Antonio saw an increase of 4.43 percent and Boise's median price rose 3.11 percent.

In the East, mid-sized markets were more favorable for buyers during the summer, with prices declining 2.73 percent in Naples, Florida, and 1.25 percent in Dover, Delaware.

The Altos report paints a different picture than a recent Clear Capital report, which showed prices rose by the most significant margin in Northeast markets during the second quarter of the year.