July Market Report
I just compiled the sales figures for July and found that the total number of sales were down again for single family residential homes in Boulder County. The trend is very ingrained and each month has been lower than the same month the previous year since September 2005. So far this year total sales are down almost 11% from last year and down almost 19% from 2005.
Median sales price for the same area and time frame was down for the month. The longterm trend in prices has been a modest rise and I think this will continue. It is interesting to note that there is no seasonality in prices the way that there is in the number of sales.