The real estate market in Boulder County continues to be red hot. Despite a serious decrease in the number of homes on the market sales soared during the first quarter. Compared to a year ago sales of single family homes and residential condos and townhomes were up 38.5% during the month of March and up 24% for the first quarter.
Inventory of homes for sale rose a bit but is still well below the average for this time of year. The total number of active listings on the MLS in Boulder County at the end of March was down 27% from a year ago. More to the point, the number of available listings (not under contract) was down 56% from a year ago. At the end of March there were just 498 homes that were available to purchase. A statistic that shows this relationship is the under contract %. At the end of March nearly 60% of the listed homes were already under contract waiting to close.
Check out the slideshow to see these and other statistics shows graphically.
