Mid-Year Market Update

Home prices in metro Denver saw double-digit percentage price increases in May, which was the sixteenth month in a row that metro Denver home sale prices saw a year-over-year increase.

The luxury market continues to soar as well, with high-priced homes in metro Denver selling 33 percent more than last year.

There were 101 homes costing more than $1 million each that changed hands in May. That’s up from the 93 sold in April.

The number of days it took to sell luxury homes continued the downward slide it’s been on all year, to 140 days in May from 155.8 days in May 2012.

Jon Terry is the Managing Broker at Alaris, and he keeps his finger on the pulse of the housing market. Read more about Jon here: Jon Terry’s company bio.

Also, you can see the homes we have for sale here: homes.


 
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