The Luxury Market is fascinating to watch in Denver… more details on that towards the bottom of this post. And there were 5,517 new single family home listings that went on the market in September 2019: an increase of 1% year over year. Buyers and Sellers are currently not having the same experience as in the past several years. With interest rates staying low and many buyers in the market, it continues to be a slow time to buy and sell.
Here are some specific stats on what happened in the market in the month of September according to REColorado.
Denver’ Luxury Market is defined as a home sold at $1 million or greater.
There were 154 luxury homes sold in Denver in September and that is up from 104 in September of 2018. Overall, the market is up 10% year over year and here are some more great stats for you…