Long Term Trends
Day-to-day it is sometimes easy to forget that real estate is a cyclical market. It is helpful to step back and look at a broader view. I recently compared sales, dollar volume, median price and sales price to list price ratio (average negotiation) from January to mid-October for the years 2000-2007 for all sales in Boulder County. Here is what I found.
- The number of sales has modulated. First it decreased right after 9/11. Then it increased to record highs only to have fallen since late 2005.
- The dollar volume has followed the same pattern but the curve is much more subtle due to the increase in median prices.