The local real estate market continues to be very active and strong. More properties are selling than are coming on the market resulting in a loss of inventory. When inventory of available homes is very low it results in shorter days on the market and increased prices. After seeing stagnant prices earlier in the year it appears that prices are on the rise again. Sales in August were up 25% compared to the same month a year ago. With the strong summer year-to-date sales in Boulder County are now down just 1% from a year ago. With the current momentum, I expect that even with a two-month hiatus, sales in 2020 will exceed 2019. See the slideshow below for full details and five year trends.
