This city now has one of the most competitive housing markets in America.
The median prices for single-family and condo homes in Denver hit record highs of $510,000 and $334,752 respectively.
In September, Denver had a record-low number of homes for sale, not by a little, but by nearly half. There were 3,041 single-family homes listed for sale, down from the previous low of 5,693 in September 2017, according to the Denver Metro Association of Realtors. New listings did come on the market in September, a record number in fact, but they were no match for the intense demand.
While homes are selling at all price points, the luxury segment is thriving. Sales of homes priced above $1 million were up 80% annually. Year to date, the luxury markets is seeing 15% higher volume than in 2019.
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