Just like a warm October afternoon, the Boulder Colorado real estate market is still hot! Inventory is at the lowest levels that I have seen in my 30 years in the market but despite that, activity remains strong. Boulder is a destination city and we are gaining residents coming from other parts of the country. The pandemic, the rise in telecommuting and the fires have pushed many buyers to look at the Boulder market.
This chart shows the end pf month inventory in Boulder County and includes both single family homes and attached dwellings. For the end of September we are at the lowest level of a low inventory time.
This chart shows the inventory of properties without those that are already under contract. That reduces the number by about 50%, but the overall trend is about the same.
New listings, especially recently have remained above the average for this time of year. Despite the new supply, it’s not keeping up with demand.
This chart shows the number of homes that have gone under contract on a weekly basis over the last 5+ years. Since June 1st we are exceeding all other recent years. Sales have followed and I expect that this month we will exceed the pace of last year despite a two month respite.
