The strong sales in May were not backed up by a strong June. My personal statistical records upon which this report is based, goes back to 2004 and June’s sales were the lowest of the group. On the street, I’m seeing large price reductions on high priced homes and other homes are sitting on the market longer than in the past. There are currently 23 homes on the market in Boulder County with a list price of at least $5 million. Just one of those is under contract and there have been two sales so far this year in that range. It’s not uncommon for the market to start slowing down this time of year. See the annotated slideshow below for more details.
