Inventory Continues To Slide – Sales Still Strong
Even though sales are down 7% from the same month a year ago, the market continues to be strong. When comparing October 2021 to the past I find that this past month was 11% higher than the five-year average. The average price for all sales in Boulder County exceeded the list price by 2.6%. 44% of the sales during the month closed for above the list price. Another example of the strength of the market is that the average premium paid for those that closed above the list price was 5.22%, this was .33% high than last month. The inventory of properties on the market is 35% lower than it was a year ago and last year was already historically low.
Below are a few key charts. Below that is the full annotated slide deck showing all of the key statistics compared to past years.
As always please let me know if you have a specific area or price range you would like me to research feature.
