I've lived on the south side of the Denver metro area for eleven years now. My wife and I originally wanted to move to middle to northern California but real estate prices were so much cheaper here - although still staggeringly high, compared to North Carolina, at the time.
I can tell you for the last couple of years in the Denver area, houses sell within a few days of being listed, and often for higher than the asking price. I've done no actual market research to verify this, but I often hear people say that the Denver area has some of the highest rental costs in the country right now, as a result of there being too few houses on the market. Surely that's also tied to the cessation of home building that started after the crash of 2008 and lasted until perhaps a year ago, when I started to see new neighborhoods being built on the edge of the metro area on land that had been prairie.
If I can answer any specific questions, either here or via PM, just ask and I'll do my best to answer.