The market is slowing as we move towards winter view the slideshow and read more below.
This month we are seeing a few statistics break from the pattern we have seen during the past four plus years. Sales were down by 3.4% for the month but that isn’t the story. Actually year-to-date sales are just down 2.4%. This month for the first time we saw the percentage of under contract properties (compared to all listed properties) fall to 37% which is the lowest number we have seen in over 4 years. What this means is that listed homes are staying on the market longer, fewer are selling and buyers have more choice.
This isn’t a big change but a continuation of a trend that we have been seeing since this statistic peaked in April of this year with over 50% of the market already under contract. Another statistic that shows that our market might be slowing is the number of properties that go under contract in Boulder County on a weekly basis. Over the past twelve weeks the weekly contracts have noticeably lagged the previous years shown. Take these in conjunction with a bump in inventory and it points to a slower market.
