The summer is winding down. The kids are back in school. The nights are a bit cooler. The commonly held belief is that summer is the best time to sell a home. That might have once been the case but we have seen a shift. Late spring seems to be when the most buyers are shopping for homes. Typically, the most contracts are written in May and the most closings come in June. Some years this shifts a bit but for most years this is the typical pattern.
During the past few years I have found mid-July to mid-August to be quite slow. Vacations and varied activities seem to get in the way of serious house hunting. I have also found that once school starts we have a bit of a fall surge that lasts through the end of October. Maybe this past week signaled the beginning of the “surge”.
This past week 88 contracts were written and accepted in Boulder County. This represents the most since we had 98 the last week in May. This year our top weeks for contracts accepted were the final weeks in April when we averaged 155 contracts per week.
The interest rates are still great! This means that as a buyer of Boulder real estate you can comfortably afford more home. Let me know how I can be of service.