Forty luxury homes were sold in January with selling prices of over $1 million, for a 48% increase over January 2009 and a whopping 78% increase over January 2010. For the same 2010-2011 time period, sales of all homes in the Denver metro area decreased by 8.4%.
Can we reasonably draw any conclusions from this information about which segment of the population is being hardest hit by our sluggish economy?
Hey buddy, can you spare a million?
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