The market continued its strength in August in Boulder County. Sales of all residential properties were up by 15% during August (compared to same month last year). Year-to-date sales are up over 25% compared to last year. One of the biggest trends in the market right now is lack of inventory. The number of homes on the market in Boulder County is down 16% from the same time last year(see chart below) and the number of homes that are under contract are up 24% from last year. Both of these factors add up to a scarcity of listings and a strong market for those homes that are out there and well priced. Buyers are still hesitant to overpay for a seller who is not in tune with the market.
The slide presentation below gives a good overview of what has been happening in the Boulder County real estate market over the past four years. We have definitely turned a corner.