The latest report from the Denver Metro Association of Realtors confirms what we already know:
There is no shortage of luxury condos in the Mile High City.
Denver is building its way out of the housing crisis—at least for those who can afford luxury condos. The latest Denver Metro Association of Realtors report shows there is now 5.6 months of inventory of attached units worth between $750,000 and $1 million, meaning with Denver’s supply and the current rate of purchasing, it would take that long for every luxury condo on the market now to sell.
This is significant—if you’re wealthy and don’t need a yard—because it means the tables have turned in this subset of Denver housing. At long last, buyers of condos in the urban core have…