The market continues to be unusually strong. Real estate sales in Boulder County were up 29% compared to last November. This is really surprising given the fact that inventory of available homes are down 35% from last year. The combination of these two factors leads to a market filled with tension. Buyers are out ready to buy but there are not many homes to buy. This type of tension is good for sellers and lead to increased prices.
November is not normally known as a prime selling month. But this year we have had a great fall and the sales are more like March than November.
Here are some quick market facts:
- Year-to-date sales are up 23%.
- Inventory is down 36% from November 2007.
- 35% of available single family homes in Boulder County were under contract as of November 1st.
For more details view the slideshow below.