The Boulder area real estate market has been very interesting to track lately. The major themes over the past months have been:
- Low inventory
- High buyer demand
- Positive price pressure
- Homes selling quickly (see first two items above)
During March these trends continued. During March there were 392 sales of residential properties in Boulder County. This represented a 15.6% increase from March 2012. Sales so far in 2013 are up 16% compared to last year.
Available inventory is down from a year ago. Last year at this time we had 1,382 homes on the market that were not already under contract, this year we have just 818. This translates into an under contract percentage of 40%. Here are a few graphs that are taken from the slideshow below. The first one shows the active inventory by month over the past seven years and the second one shows the under contract percentage for single family homes in Boulder County by month over the past six years.
The slideshow below gives a comprehensive look at the Boulder County real estate market.