The Denver Post’s above the fold story was headlined “Denver housing market second in nation for quick sales”. The article gave anecdotal evidence that the real estate hibernation is over. Not just for the winter but for the economic downturn as well. Multiple offers are not uncommon and good properties are going under contract very quickly. To read the entire article go to: Denver housing market second in nation for quick sales – The Denver Posthttp://www.denverpost.com/business/ci_20429074/denver-housing-market-second-nation-quick-sales?IADID=Search-www.denverpost.com-www.denverpost.com#ixzz1sYBvkSce
What is true for Denver real estate is true for Boulder real estate as well. Currently 29% of all listings are already under contract. Right now is the middle of what is traditionally the busiest time of the year in the Boulder CO real estate market. What is impressive is the improvement we have seen since last year. The graph below shows that this years sales activity is just below what we saw in the tax credit skewed 2010 year when sales spiked just before the April 30th deadline. 2012 is shown in green.