After the crazy summer we had in Real Estate, it may seem as though the market has cooled down. According to a report that was released on Sept.7th by the Denver Metro Association of Realtors, that’s not the case. Prices are still up 11% from last year, We had record home prices last month for an August and Condo prices last month were up over 13% from last year.
There were nearly 6000 homes placed under contract last month, that’s a jump of almost 4% from last August and just shy of 3% from July. At the same time, luxury home sales were up over 13% from last August and their price per square foot rose almost 12% from last August. Sellers are enjoying the rise in home prices while some home buyers have been priced out of the market.
As you can see, the housing market here is still going strong.
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