It was a busy week in the real estate market in Boulder County.  Traditionally, the month of May is one of our busiest times and this year is no exception.  We are seeing much activity in the market and have heard to many situations where multiple offers were received on a property.  The lower end of the market is getting most of the activity and the median price of the homes that are selling continues to be lower than it has been at any time over the past few years.

 

# New Price Drops # U/C # Sold Median $ of Sold
30-Apr 166 142 125 81 $ 317,900
7-May 182 170 141 90 $ 294,700

 

I’m encouraged by the number of homes that went under contract during the past week and the number of properties that sold continues to pick up steam.  There are still plenty of choices out there and 170 homes decided to re-adjust their prices.  It is true that the best time to be well priced is when there is the most activity in the market, so now is the time to get it priced correctly.

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