December is one of the slowest months in our local real estate market. Because of potential sellers waiting until after the holidays to list their homes and others deciding to withdraw their homes from the market, inventory normally drops. This month was no exception. Inventory in Boulder County dropped from 960 properties to 690 properties on the market. This is lower than every other year except last year. Sales also dropped by 32% this month compared to last December. This is the seventh straight month that recorded drops of 20% or more compared to the same month the previous year. Despite the super busy spring, sales ended up the year down by nearly 24% compared to last year. Prices are hanging in there. Despite a slower second half of the year, median prices were up 12% during 2022. A video recap is below and at the bottom is a full slideshow with all of the statistics.
