Sales of million-dollar homes in the Denver area dipped slightly in March, while the median sale price was up fractionally month-over-month, according to a recently released analysis by Coldwell Banker Residential Brokerage.
A total of 34 homes sold for more than $1 million in March, down from 37 in February and 36 during the same period a year ago. Meanwhile, the median sale price of luxury homes was $1.35 million, up slightly from $1.32 million the previous month but down 2.7 percent from $1.39 million a year ago.
Although volume is leveling off, million-dollar homes are selling faster, with properties taking an average of 101 days to sell compared with 184 the previous month and 130 a year ago, according to Coldwell Banker’s data. Margaret Jackson, The Denver Post
