Residential Luxury Report | Quarter 3 2020
So far, 2020 has presented the real estate market with many ups and downs. Due to restrictions put in place for the health and safety of the public, the housing market slowed down significantly in the spring. However, consumers’ desire for Colorado homes never ceased and the pent-up demand resulted in a surge of buying activity throughout the summer and well into the fall. Now, thanks to the state’s array of naturally socially distant activities such as hiking, fishing, biking, and more, it has become a top destination to buy and sell houses. In analyzing luxury real estate performance through Q3, it is clear that the Colorado luxury home market has made a full recovery.