Monthly sales were again up significantly compared to the same month last year. YTD sales are now up 7.3% when compared to 2019. The market is seeing a surge in sales activity but not a commensurate increase in listings. As a result, the inventory of available homes is quite low. This disparity between supply (low) and demand (high) is causing a steep rise in prices. Even in early December we are seeing good activity in the Boulder County real estate market. Multiple offer situations on attractive new listings are common as inventory of new listings isn’t keeping up with demand. The number of newly accepted contracts has fallen over the past month, but it seems to be in direct relation to the number of new listings coming on the market. At the end of November over 52% of the active listings on the MLS were pending with an accepted contract. This type of demand bodes well for a strong start to 2021. See all of the details and trends in the slides below.
