Boulder County Real Estate Statistics October 2017

Presented by Neil Kearney, MBA, CRS303.818.4055

www.NeilKearney.com

Copyright 2017 Neil Kearney, Kearney Realty Co.

Boulder County Real Estate Sales Statistics

October 2017


Sales were down 3.7% percent when compared with October

of 2016


Up until June you can see that Inventory was actually significantly

increasing over the previous two years. However, since a peak in June inventory has leveled out and has been less than last year on a monthly basis.


Just over 40% of the active single family home listings were under contract at the end of October.

Just over 40% of the active single family home listings were under contract at the end of October.


The red line shows new listings to the market in Boulder County on a weekly basis. You can see over the

past couple of weeks that new listings have followed the same general trend of previous years.


This chart shows the number of properties going under contract each week. You can see activity took a distinct dip in early August but has been able to quickly recover staying fairly

consistent with past years.


Although it doesn’t look too different from past years, through the end of

October sales are down 6% from 2016 and down 16% from 2015.

My View of the MarketCurrent Trends in the Market:Although inventory increased during the first half of the year we have begun to see a normal decrease of inventory since July. It will be interesting to see if this decrease continues through the Winter following the same trend we have seen consistently over the past couple years.With year-to-date sales down 6% from 2016 and 16% from 2015 as well as an increased number of price reductions and a longer time on market we have seen a shift to more of a neutral market from the strong sellers market that Boulder County has experienced in recent years.With sales down, signifying a decrease in demand, and homes staying on the market for longer, signifying an increased supply, we have seen price appreciation begin to slow.


Boulder County Real Estate Statistics October 2017

Real Estate

Transcript of Boulder County Real Estate Statistics October 2017