Inventory By Price Range
We are in the midst of the busy spring selling season and I haven’t had much time to post to the blog. The market is going strong. Over 25% of all active listings available in Boulder County are under contract. The strongest markets in terms of Under Contract Ratio are; Boulder attached dwellings (40%) and Louisville homes (49%).
Another good measure of how the market is faring is measuring the months of inventory currently on the market. Every six months or so I compare the inventory numbers across price ranges for both homes and condos. Both charts are presented below. In summary, not much has changed over the past year with these numbers. We are holding tight across all price ranges with the exception of single family homes between $1,000,000 and $1,199,000. A year ago and six months ago the inventory in this price range was around 10 months, now it is at 23.29 months. Not as many sales and many more listings explain the change.