MathOverflow will be down for maintenance for approximately 3 hours, starting Monday evening (06/24/2013) at approximately 9:00 PM Eastern time (UTC-4).
show/hide this revision's text 2 replaced < by \lt to get the entire answer displayed.

The set of matrices with a repeated eigenvalue is defined by an algebraic equation ${\rm disc}(M)=0$. This is the discriminant in the eigenvalues $$\prod_{i $\prod_{i\lt j}(\lambda_j-\lambda_i)^2,$$ which is a polynomial in the entries of $M$. Because this polynomial is non-trivial, your set is a non-trivial algebraic variety. In particular, it has zero measure and is closed.

show/hide this revision's text 1

The set of matrices with a repeated eigenvalue is defined by an algebraic equation ${\rm disc}(M)=0$. This is the discriminant in the eigenvalues $$\prod_{i