by Neil Kearney | Sep 11, 2014 | Boulder County Housing Trends, Statistics
The market slowed during August. Sales were down roughly 15% from last month and 14% from last August. Sales are down 7% year-to-date. These sales numbers reflect the closings during the month so most of the contracts were written in July. The contract activity as measured by the number of homes that went under contract during the month continued to slide in August. The inventory of available homes continues to be low. The fall in activity and the low inventory keep the overall market in the sellers favor.
We usually see a nice surge of activity in September and October before slowing again for the holidays. The slideshow below includes more data and charts regarding the market.
by Neil Kearney | Aug 24, 2014 | Boulder County Housing Trends, Statistics
Through July sales of residential real estate in Boulder County is down roughly 5% from a year ago but it’s the second best year since 2007. The recovery is holding. For the month of July the numbers reflected this larger trend, down 4.5% from July 2013 but higher than any other July dating back to 2005. With low inventory and very little negotiation off of list prices, it has definitely been a sellers market this year. While it’s hard to measure price changes on a monthly basis (due to changes in the mix of sales) prices are definitely heading up. Browse through the slides below to get a visual tour of the market conditions.
by Neil Kearney | Jul 10, 2014 | Boulder County Housing Trends, Statistics
It’s been a crazy busy summer for me. Which is great, but not so great in terms of reporting statistics and market reports. Here are the latest stats from the sales in Boulder County through June. So far this year sales are down 6% from last year but up 3% from 2012. Overall a good year. We are still struggling with overall low inventory but I’m seeing some improvement on this. Multiple offers have been common this spring (the most I’ve participated in was 13) and prices are rising. Check out the slideshow to see all of the statistics.
by Neil Kearney | Apr 8, 2014 | Boulder County Housing Trends, Statistics
The first quarter is in the books and this quarter there were 14% fewer sales than a year ago. Inventory lagged all quarter. Prices seem to be rising again mostly due to the lower inventory and the still good demand in most areas.
Please scroll through the slideshow above to get more details on the market. Here are the main take-aways this month.
- Sales in March were 16.6% lower than the same month last year.
- Inventory continues to be very low however we have seen some recent improvement in this measure. Maybe all of the sellers were waiting for spring.
- Multiple offers are very common on new listings.
- The spring buyers are starting to think about real estate and for most there is not much on the market to see. Very difficult of out-of-town buyers.
by Neil Kearney | Mar 21, 2014 | Statistics, Uncategorized
Sales in February were down 8% compared to a year ago and YTD sales are down 12%. The most alarming number and the one that will hold back gains this spring is the low inventory. Available homes for sale is down 20% from a year ago and down over 50% from the same time five years ago. This means fewer signs out in the neighborhoods. This leads to great competition between buyers when new listings come on the market. I will continue to monitor this situation as it unfolds but this I see as the biggest statistical theme of year in the Boulder real estate landscape.
