# 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
14-May 211 170 126 46 $ 301,950
21-May 220 169 140 92 $ 275,950
28-May 167 165 137 66 $ 272,450
4-Jun 213 204 131 141 $ 324,500
11-Jun 210 198 155 74 $ 296,400
18-Jun 222 191 125 94 $ 339,950
25-Jun 178 223 131 100 $ 339,900
2-Jul 163 158 132 150 $ 299,000
9-Jul 157 181 102 81 $ 332,900

 

You know when you are driving down the highway at full speed but your gas light has been on for awhile and you begin to regret passing the last gas station?  You are still moving along with no outside indications of slowing down but you have a growing feeling that something needs to come up to keep you rolling along, and fast.  So it is with the local real estate market, at least from my seat.  Markets are all about momentum and I have the vague feeling that we have lost some of the momentum we have been enjoying over the past two months.  It may be just a  passing feeling, a bit of a 4th of July weekend slowdown, but I’m not so sure.

The chart above shows weekly market activity for the month in Boulder County since the end of April.  This past week we saw the fewest number of properties go under contract in the past 11 weeks.  Showings are also lagging.  My advice to sellers is to take advantage of the market now by pricing your homes to sell, before you know it, the summer selling season will be over.

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