Sales in February were down 8% compared to a year ago and YTD sales are down 12%. The most alarming number and the one that will hold back gains this spring is the low inventory. Available homes for sale is down 20% from a year ago and down over 50% from the same time five years ago. This means fewer signs out in the neighborhoods. This leads to great competition between buyers when new listings come on the market. I will continue to monitor this situation as it unfolds but this I see as the biggest statistical theme of year in the Boulder real estate landscape.

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