Some good news on sales of Denver Luxury Homes came out today. Both month over month sales and year over year sales for the same month increased in June. In addition, we’re seeing the days on market improve significantly.
Luxury Home Sales on the Rise
Seventy-one homes, with a sales price of $1 million or higher, sold in June, as compared to 47 in May. That number also was slightly higher than in the previous year, when 67 homes sold in June 2010.
The report is based on data from Denver’s Multiple Listing Service, a database of home sales activity for real estate professionals.
Those June sales also were faster, with an average of 164 days on the market, than the month before when the average stood at 215 days on the market. Both numbers were up from June 2010’s average days on the market, 116.
This is obviously good news. We’ll update our blog as more stats become available. In the meantime, if you’d like to speak with one of our agents about this, give us a call at 303-726-1874.
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