The Boulder County real estate market is still red hot. It seems like the pressure was turned up after the recent wildfires and it’s not easy to buy a nice place. Inventory is down 41% from a year ago and sales are up 7.7% from last January. It’s a very efficient market. Multiple offers on properties are still very common and expected on all well priced properties. Interest rates are rising but instead of suppressing sales, we are seeing buyer’s urgency to buy now increase before rates rise further. The average price paid for all properties is 2% over the list price and for the 48% of sales that closed for a price above the list price, the average premium paid was 6.3%. The property that closed with the highest percentage price in excess of the asking price that closed this month was 28%. For all details watch the video below and view the slides below.
