Boulder county real estate had another outstanding surge week.

Catherine Burgess

06/5/20


​​​​​​​Dear friends,
 
Boulder County had a little bit lower numbers this past week but is still performing well.
Some of you have enormously enjoyed the SGN segments we've featured for the past few weeks. Below is news about wrap-up of that project.


​​​​​​​BOULDER REAL ESTATE MICRO DATA:

Boulder County Stats
Last week we had a big surge in listings, at almost 100% more than we saw for the same week in 2019.
We saw a small drop in under contracts last week relative to 2019, but it is still at a great number of under contracts (still our 2nd best week for under contracts since early March when we started tracking all of this).
This is the opposite pattern than what we had the previous week, where new listings went down a little bit and under contracts surged.
Normally all numbers go down around Memorial Day weekend.We will have to wait until next week to see what the long weekend effect had this year.


​​​​​​​We are seeing increased activity continue as things have loosened up.

The $0-500k band was a little lower than the previous week with a still strong 100% sell-through rate. $500k-1mm also had a decline from the previous exceptional week to a still-strong 63% sell-through rate. $1mm-1.5mm had a bigger decline to a 26% sell-through rate (where the previous two weeks had been exceptionally strong).$1.5mm-2mm had a significant (for this price band) increase to 42.9% sell-through. $2mm+ had a modest increase to 27% sell-through.

The numbers from this past week were a little lower than the previous week’s surge of demand, however they’re still notably stronger than the numbers prior to two weeks ago.Things are continuing to look strong, so we’ll reevaluate next week.

Local Real Estate In A Nutshell

We had bumps up and down in price bands last week. As an aggregate, the market was a little slower last week than the two previous weeks, but still miles better than March, April, and early May.


​​​​​​​MACRO DATA:

Pandemic Squeezes Already Low Housing Supply


Nationally, our already tight housing supply has been stretched further. Watch the video below to learn more about this, new housing starts, forbearance, foreclosures, etc.


​​​​​​​Housing Could Help Lead The Post-Covid Economic Recovery

Why Homebuilders Are Winning the Covid-19 Race to Recovery

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Wishing you health. Call us with questions.

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