Boulder Real Estate News & National Statistics – July 2, 2021

As always, feel free to forward this market update to your friends and family!

So, right now both our new inventory and under-contracts are at higher levels than we’ve seen in the past 3 years, indicating that our market is continuing to function at a breakneck speed.

That said, the quantity of buyers circulating in the marketplace is somewhat diminished, as seen through this chart:

Multiple offers have decreased significantly in the past 4-6 weeks, though they are still sometimes happening. Some sellers are not having enough immediate showings to have a successful offer schedule, so more offers are being evaluated as they come in (which is advantageous to attentive buyers).

The declining number of national showings (leading indicator) also demonstrates the slight cooling in the market, as seen in the “Declining number of national showings” chart above.

To recap, as we saw above, locally we are seeing a slight decline in our surplus of buyers, but we’ve not yet seen a decline in our under-contract rate which turns into our sold rate. We actually have an increasing under-contract rate in Boulder County, which is a significant variation from the national decline.

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