Sales were strong again in Boulder County in August. In fact there were 23% more closings this year than there were during August of last year. Year-to-date sales have increased roughly 12%. Sales peaked in July this year with 625 closings throughout the county. In August 587 properties closed which is just 10 units below June.
The current under contract percentage is hovering at 30%. Still a good indication of a strong market but interestingly, this is the first month since May of 2011 where we saw the previous year outpace the current month. Maybe a sign of a slowing market.
Inventory has been gradually increasing since March but we are still 12% the inventory levels of a year ago.
To get a full visual picture of the market please view the slideshow below.