BOULDER REAL ESTATE NEWS & NATIONAL STATISTICS – APRIL 1, 2022

Local Market Update – Boulder County

Boulder real estate agents had 71 properties go under contract, in contrast with 90 in 2018, 82 in 2019, 61 in 2020, and 92 in 2021.

Year-to-date under-contracts continue to illustrate how low this year’s inventory is.  This year, we’ve had 732 under-contracts y-t-d.  Compare this with 894 in 2018, 929 in 2019, 940 in 2020, and 954 in 2021.  We have plenty of buyers; sellers, now is the time to bring your homes to market!

What is our total single family home inventory?

Last week we saw relatively low activity in the $1.5mm+ markets.  Week-over-week we’re still seeing good activity in all parts of the market, with few price changes (reductions) overall.

The number of buyers migrating from one part of the country to another has hit an all-time high. Before the pandemic, about 25-26% of buyers moved from one part of the country to another.

Essentially, workers can still largely choose where they’d like to work. Given the 2020 / 2021 / 2022 increases in real estate values, many buyers are now priced out of their local markets and moving to lower-priced parts of the country.

 

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