I get asked this question a lot.  Over the last year the tone of the question frequently comes out like “I’m not sure I should be asking you this because it might be bad but “How’s the market?””.  People seem surprised when they hear that houses are still selling everyday and that the market, while not overheated like it was a few years back, is pretty darn good.  This type of answer is subjective of course, and I know that I feel very fortunate in the fact that my business has held up well.

So in order to answer that question appropriately I will give some data and compare it to the past.

Under contract percentage – how successful are sellers right now in the market?

By Area:

Boulder 19%, Louisville 21%, Lafayette, 21%, Longmont 22%, Superior, 23%, Suburban Mountains 9%, Suburban Plains 13%

By Price Range:

$0 – $250k – 22%, $250 – $500k – 21%, $500 – $750k – 14%, $750 – $1M – 12%, $1M – $1.5M – 12%, >$1.5M – 8%

Absorption rate is another measure of activity in the market.  This statistic measures how long it would take to sell all of the listings currently available given the historical monthly sales rate.  The lower the number the more active the market.

By Area:

Boulder – 11 months, Louisville – 7.6 months, Lafayette – 10.8 months, Longmont – 9.6 months, Superior – 6.5 months, Suburban Mountains – 25 months, Suburban Plains – 13 months.

By

By Price Range:

$0 – $250k – 8.6 months, $250 – $500k – 9.2 months, $500 – $750k – 12.1 months, $750 – $1M – 20.3 months, $1M – $1.5M – 24 months, >$1.5M – 43 months

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