The numbers for the first quarter in Boulder residential real estate sales and the findings are not all that surprising. Sales are down roughly 10.3% from last year. But before you get too worked up about another 10% loss in the market remember that last year our sales were overly active in the early part of the year because of the home buyer tax credit. Last year we had an unusually busy first few months only to fall off the cliff after the expiration of the stimulus. This year we are on a more traditional path. All price ranges are selling and our activity is actually pretty strong as a percentage of active homes that are under contract (over 20%). Inventory is down but we are seeing new listings on the market every day. We are in the midst of a good spring market we just have had a bit of a slow start. I am optimistic that 2011 will be a good year in Boulder real estate. To see the comparative statistical charts click on the presentation above. Choose full screen for best viewing.
