Right around Memorial Day we saw a shift in the market. At that point properties started staying on the market longer, inventory started rising and sales started to drop. It’s normal in Boulder County to have a slow down during the summer but this year it began earlier than usual. This decrease in sales coupled with an increase in inventory has led to a slowing of price appreciation in the county. Is this a shift in the market or just a seasonal slow down? The next 30 to 60 days will tell a lot. What happens during the fall will give us a good indication of what to expect next winter and spring.
See the presentation above for a more in depth view of the market as well as graphs and statistics.