The Boulder County real estate market is off to a very fast start. Buyer demand is very high and multiple offer situations are already very common. It’s not uncommon to have over 10 offers submitted over the first two days on the market for an attractive listing in a lower price range. The number of properties that have gone under contract so far this year is comparable to last year but the supply of homes on the market continues to lag.
Fewer homes are coming on the market so far and as a result the static level of homes on the market has fallen to an all time low. At the end of January just 493 properties were active and available (without a contract pending) in Boulder County. Last year we were at over 900 available properties and we thought that was low. As a result of these two factors the under contract percentage for the market is around 50%. That means that half of all for signs you see are already spoken for. The slideshow below gives a full view of what is going on.