The major themes for the real estate market in Boulder County have been constant over the past three years; low inventory, high buyer demand and rising prices. During the first quarter and the month of March in particular these themes were exasperated. There are many buyers out there and the percentage of active homes that are already under contract is still over 50%. So why were sales down 20% in March and down 14% year-to-date? Low inventory. There just are not enough houses out there on the market to satisfy the demand in the market. So when a house does come on the market it gets multiple offers. For the quarter homes sold for 99.35% of the list price throughout the county but houses sold for above list price in Boulder, Louisville, Lafayette, Erie and Gunbarrel. It’s a good time to be a seller!
To see all of the real estate statistics for Boulder County, check out the slideshow below.