Boulder County- Re-Sale Inventory Improves

 

I heard on the radio today that according to the National Association of Realtors there is currently a 10 month inventory of homes on the market. Much of the national reports are not ringing true locally so I decided to see how our local numbers were doing.

 

Across the board the inventory for resale homes and condos has decreased from the levels reported six months ago. We are headed in the right direction. Actually, we are doing quite well. Under contract ratio is up significantly from a month ago, showings are up and inventory is down. Here are the inventory details followed by a chart.

 

Single Family Homes:
Boulder 4.7 months
Louisville 3.7 months
Lafayette 5.7 months
Longmont 7.0 months
Superior 2.7 months
Suburban Plains 8.5 months
Suburban Mountains 10.4 months
Erie 7.1 months
Boulder County (all areas) 6.3 months

 

Attached Dwellings:
Boulder 6.6 months
Louisville 3.4 months
Lafayette 4.4 months
Longmont 10.5 months
Superior 4.2 months
Suburban Plains 7.10 months
Suburban Mountains (no inventory)
Erie 8.7 months
Boulder County (as a whole) 6.8 months

Inventory is found in the following manner: I=Active listings/(sold listings in past year/12)

 

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