Quick Real Estate Market Wrap Up
The market has slowed – houses are staying on the market longer, average negotiation off of list price was 1.5% in August instead of above full price which has been the case during the spring months, and there are fewer showings taking place. Sales were down 9% in August from the same month last year and year-to-date sales are down approximately 10%. On the good news front, at the end of the second quarter Boulder County was the #1 area for home appreciation in the nation. The last two years we have seen good activity in the fall, this year it feels like it won’t be quite as strong. However, it’s all relative, we still have a vibrant strong market. Maybe we won’t be #1 for long but we still have a great market and a place where people want to live.
Prices are still high but we are seeing more price reductions and fewer multiple offer situations. A respite for buyers. Enjoy the slideshow which highlights the trends in Boulder County real estate over the past five years.