Sales Reach High Water Mark Since 2007 – The Average Property Sold for 4% Over List Price
Real estate sales in Boulder County continue to be very strong. There were 625 sales in June, which is the highest number for the month since 2007. It tied the highest sales total for any month over the past nine years with July of 2013. Year-to-date cumulative sales are up 36% over last year and median prices throughout the county (both single family and attached dwellings) are up 21% from a year ago. On average properties sold for 4% over the list price, this is the highest I have seen in my time tracking the local market. Interest rates are up just .3% since January and are just above 3% for the most qualified borrowers. Despite the strong sales, some buyers are showing fatigue in this ultra-competitive market and are starting to pace themselves or deciding to rent and hope for an easier time to buy in the future.
To view all of the statistics in charts along with commentary and trending, view the slideshow below.