Denver’s luxury real estate market can’t stop, won’t stop

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Talk about being high all the time. May was a record breaker for Denver’s high-end real estate market, as 179 homes priced over $1 million sold and closed, which marks an increase of over 21 percent from the month prior and 38 percent year-over-year, according to Denver Metro Association of REALTORS. It’s not just the high-end that’s doing well. Of the available listings on the market, only 41 percent are priced below $500,000, according to Steve Danyliw, chairman of the DMAR Market Trends Committee and a Denver real estate agent. Lower than normal supply is thought to be one of the main drivers. [Forbes]